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  3. Brian Dunn, CEO of Best Buy Quits

Brian Dunn, CEO of Best Buy Quits

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  • K Kevin Marois

    Ya, but the problem is that the CEO will get paid first, before stockholder and other interests.

    Everything makes sense in someone's mind

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    Chris Meech
    wrote on last edited by
    #7

    His options are now all out of the money. The prospects of them ever becoming in the money are, well zero. He won't be paid anything except is million dollar salary. The other nine million has vaporised. :)

    Chris Meech I am Canadian. [heard in a local bar] In theory there is no difference between theory and practice. In practice there is. [Yogi Berra] posting about Crystal Reports here is like discussing gay marriage on a catholic church’s website.[Nishant Sivakumar]

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    • L Lisa Sidlow

      Wow, I just watched a documentary where he insisted that people want to buy in the store and not online.

      Lisa Marie Sidlow

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      Bassam Abdul Baki
      wrote on last edited by
      #8

      There are some things that won't go online. I needed a housewarming gift last year and found out that Mikasa was now completely online. Fat lot of good it does me when I need time to browse, order, and receive something that I need for the very next day.

      Web - BM - RSS - Math - LinkedIn

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      • C Chris Meech

        His options are now all out of the money. The prospects of them ever becoming in the money are, well zero. He won't be paid anything except is million dollar salary. The other nine million has vaporised. :)

        Chris Meech I am Canadian. [heard in a local bar] In theory there is no difference between theory and practice. In practice there is. [Yogi Berra] posting about Crystal Reports here is like discussing gay marriage on a catholic church’s website.[Nishant Sivakumar]

        K Offline
        K Offline
        Kevin Marois
        wrote on last edited by
        #9

        That all depends on whther or not its in his contract.

        Everything makes sense in someone's mind

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        • B Bassam Abdul Baki

          There are some things that won't go online. I needed a housewarming gift last year and found out that Mikasa was now completely online. Fat lot of good it does me when I need time to browse, order, and receive something that I need for the very next day.

          Web - BM - RSS - Math - LinkedIn

          L Offline
          L Offline
          leppie
          wrote on last edited by
          #10

          In South Africa, best you can expect is 6-10 business days delivery... When I order from Honk Kong, I can expect delivery in 8-12 business days, pay less for shipping, and hellavo lot less for the product. Now how does that make sense?

          IronScheme
          ((λ (x) `(,x ',x)) '(λ (x) `(,x ',x)))

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          • L leppie

            In South Africa, best you can expect is 6-10 business days delivery... When I order from Honk Kong, I can expect delivery in 8-12 business days, pay less for shipping, and hellavo lot less for the product. Now how does that make sense?

            IronScheme
            ((λ (x) `(,x ',x)) '(λ (x) `(,x ',x)))

            B Offline
            B Offline
            Bassam Abdul Baki
            wrote on last edited by
            #11

            You need to pay two convenient fees to get it sooner, and another convenient fee to "really" get it on time.

            Web - BM - RSS - Math - LinkedIn

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            • K Kevin Marois

              Best Buy had a quarterly loss of almost $2 billion and is closing 50 stores. So, Brian Dunn, the CEO, decided now's the time for him to leave. Look[^] what he's taking with him. (Scroll down a bit).

              Everything makes sense in someone's mind

              W Offline
              W Offline
              wizardzz
              wrote on last edited by
              #12

              Golden parachute, fiery Porsche, Dunn's have the best exits.

              "I have a theory that the truth is never told during the nine-to-five hours. " — Hunter S. Thompson

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              • B Bassam Abdul Baki

                There are some things that won't go online. I needed a housewarming gift last year and found out that Mikasa was now completely online. Fat lot of good it does me when I need time to browse, order, and receive something that I need for the very next day.

                Web - BM - RSS - Math - LinkedIn

                R Offline
                R Offline
                Ravi Bhavnani
                wrote on last edited by
                #13

                Crap.  I wish I knew.  I have a brand-new (sealed) Mikasa set for 4 that I've been dying to unload.  Really. /ravi

                My new year resolution: 2048 x 1536 Home | Articles | My .NET bits | Freeware ravib(at)ravib(dot)com

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                • R Ravi Bhavnani

                  Crap.  I wish I knew.  I have a brand-new (sealed) Mikasa set for 4 that I've been dying to unload.  Really. /ravi

                  My new year resolution: 2048 x 1536 Home | Articles | My .NET bits | Freeware ravib(at)ravib(dot)com

                  B Offline
                  B Offline
                  Bassam Abdul Baki
                  wrote on last edited by
                  #14

                  e-Bay. :D

                  Web - BM - RSS - Math - LinkedIn

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                  • B Bassam Abdul Baki

                    e-Bay. :D

                    Web - BM - RSS - Math - LinkedIn

                    R Offline
                    R Offline
                    Ravi Bhavnani
                    wrote on last edited by
                    #15

                    The postage from Toronto would be a killer.  And who ships crockery?  Oh, Mikasa does! /ravi

                    My new year resolution: 2048 x 1536 Home | Articles | My .NET bits | Freeware ravib(at)ravib(dot)com

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                    • K Kevin Marois

                      Best Buy had a quarterly loss of almost $2 billion and is closing 50 stores. So, Brian Dunn, the CEO, decided now's the time for him to leave. Look[^] what he's taking with him. (Scroll down a bit).

                      Everything makes sense in someone's mind

                      J Offline
                      J Offline
                      Joe Woodbury
                      wrote on last edited by
                      #16

                      I've gotten some very good deals from my local Best Buy. However, this past weekend, I took my son there so he could try out different laptops to see which he preferred. The laptops were mostly the worse of each brand. When we told the (rather nice) sales guy that it had to be able to play games, he said this was a common request and agreed that the selection for that sucked. Why then don't they stock the items people actually want, instead of dozens of items they don't? (Yeah, I know, they stock high margin items and try to sucker people into buying them.) I did notice that they finally priced their UPSs, Mice and keyboards competitively. (And considering the mess Best Buy made of last Christmas, Dunn should have been immediately fired by the board of directors.) PS. We ended up buying an ASUS from Amazon.

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                      • K Kevin Marois

                        Best Buy had a quarterly loss of almost $2 billion and is closing 50 stores. So, Brian Dunn, the CEO, decided now's the time for him to leave. Look[^] what he's taking with him. (Scroll down a bit).

                        Everything makes sense in someone's mind

                        L Offline
                        L Offline
                        lewax00
                        wrote on last edited by
                        #17

                        It really seems that electronics stores are quickly becoming a thing of the past. They don't sell anything that's really necessary to have "right now", so people are willing to pay cheaper places online and wait for items to ship. They can't compete with the customizability of computers ordered online (whether pre-built or custom built). Most music sales have moved to the internet (I still prefer CDs though, but people like me are becoming a minority), along with a good portion of videos.

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                        • L lewax00

                          It really seems that electronics stores are quickly becoming a thing of the past. They don't sell anything that's really necessary to have "right now", so people are willing to pay cheaper places online and wait for items to ship. They can't compete with the customizability of computers ordered online (whether pre-built or custom built). Most music sales have moved to the internet (I still prefer CDs though, but people like me are becoming a minority), along with a good portion of videos.

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                          Chris Meech
                          wrote on last edited by
                          #18

                          lewax00 wrote:

                          I still prefer CDs though, but people like me are becoming a minority

                          Join the club. I still buy CDs and vinyl. Oddly, for vinyl, the 'best' stuff is not even available online anymore. You have to go to record shows or dig through boxes and boxes in antique stores. :)

                          Chris Meech I am Canadian. [heard in a local bar] In theory there is no difference between theory and practice. In practice there is. [Yogi Berra] posting about Crystal Reports here is like discussing gay marriage on a catholic church’s website.[Nishant Sivakumar]

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                          • L lewax00

                            It really seems that electronics stores are quickly becoming a thing of the past. They don't sell anything that's really necessary to have "right now", so people are willing to pay cheaper places online and wait for items to ship. They can't compete with the customizability of computers ordered online (whether pre-built or custom built). Most music sales have moved to the internet (I still prefer CDs though, but people like me are becoming a minority), along with a good portion of videos.

                            J Offline
                            J Offline
                            Joe Woodbury
                            wrote on last edited by
                            #19

                            The problem with online is that the quality of some items can't be readily determined. When I bought my HDTV, I'd settled on a specific model, but when I saw it in the store, I didn't like it at all. Ironically, it was Best Buy and they had some non-LED backlit Samsungs on clearance for ridiculously low prices. I couldn't tell the difference between the LED and non-LED backlit models and don't care about 3D and saved close to $300 over my original plans.

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                            • J Joe Woodbury

                              The problem with online is that the quality of some items can't be readily determined. When I bought my HDTV, I'd settled on a specific model, but when I saw it in the store, I didn't like it at all. Ironically, it was Best Buy and they had some non-LED backlit Samsungs on clearance for ridiculously low prices. I couldn't tell the difference between the LED and non-LED backlit models and don't care about 3D and saved close to $300 over my original plans.

                              L Offline
                              L Offline
                              lewax00
                              wrote on last edited by
                              #20

                              On the other hand though, many online retailers have reviews and ratings posted from customers which helps when researching a product, and it tells you some things a floor model can't like "Will this still work a year form now?". Physical shopping does have it's advantages, but overall online shopping seems to be winning out (I've even seen delivery trucks for local grocery stores which apparently also have online ordering now...though I can't see myself ordering things like fruits, vegetables, and meat without inspecting them first).

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                              • K Kevin Marois

                                Best Buy had a quarterly loss of almost $2 billion and is closing 50 stores. So, Brian Dunn, the CEO, decided now's the time for him to leave. Look[^] what he's taking with him. (Scroll down a bit).

                                Everything makes sense in someone's mind

                                Mike HankeyM Offline
                                Mike HankeyM Offline
                                Mike Hankey
                                wrote on last edited by
                                #21

                                I don't get how these CEO's can get bonuses for failure?

                                VS2010/Atmel Studio 6.0 ToDo Manager Extension
                                Version 3.0 now available.

                                K 1 Reply Last reply
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                                • L leppie

                                  In South Africa, best you can expect is 6-10 business days delivery... When I order from Honk Kong, I can expect delivery in 8-12 business days, pay less for shipping, and hellavo lot less for the product. Now how does that make sense?

                                  IronScheme
                                  ((λ (x) `(,x ',x)) '(λ (x) `(,x ',x)))

                                  G Offline
                                  G Offline
                                  GuyThiebaut
                                  wrote on last edited by
                                  #22

                                  Makes me feel grateful for being in the UK, where next day delivery is available from most online stores - I've become so used to it that I take it for granted.

                                  “That which can be asserted without evidence, can be dismissed without evidence.”

                                  ― Christopher Hitchens

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                                  • L lewax00

                                    It really seems that electronics stores are quickly becoming a thing of the past. They don't sell anything that's really necessary to have "right now", so people are willing to pay cheaper places online and wait for items to ship. They can't compete with the customizability of computers ordered online (whether pre-built or custom built). Most music sales have moved to the internet (I still prefer CDs though, but people like me are becoming a minority), along with a good portion of videos.

                                    G Offline
                                    G Offline
                                    GuyThiebaut
                                    wrote on last edited by
                                    #23

                                    In the UK we only really have one decent electronics store on the high street - Maplin[^]. Like you say most of the time it is much better to buy stuff online - the only time I will use Maplin is when I want to get hold of something like a hard drive within two hours.

                                    “That which can be asserted without evidence, can be dismissed without evidence.”

                                    ― Christopher Hitchens

                                    1 Reply Last reply
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                                    • K Kevin Marois

                                      Best Buy had a quarterly loss of almost $2 billion and is closing 50 stores. So, Brian Dunn, the CEO, decided now's the time for him to leave. Look[^] what he's taking with him. (Scroll down a bit).

                                      Everything makes sense in someone's mind

                                      J Offline
                                      J Offline
                                      JoeSox
                                      wrote on last edited by
                                      #24

                                      hhhmmm any relation? http://www.codeproject.com/Members/Michael-Dunn[^]

                                      Later, JoeSox CPMCv1.0 - Last.fm - MyFriendfeed - CPForAndroid++

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                                      • Mike HankeyM Mike Hankey

                                        I don't get how these CEO's can get bonuses for failure?

                                        VS2010/Atmel Studio 6.0 ToDo Manager Extension
                                        Version 3.0 now available.

                                        K Offline
                                        K Offline
                                        Kevin Marois
                                        wrote on last edited by
                                        #25

                                        Simple, they get a blanket bonus clause written into their contract before they even start. But I'm just as mind boggled as you as to why any corporation would do it.

                                        Everything makes sense in someone's mind

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