Schulze Back At Best Buy and 4 Other Hot Stocks
Founder, Richard Schulze is back on the board at big box retailer Best Buy (NYSE:BBY) as Chairman Emeritus. Schulze, as well as chairman Hatim Tyabji, take pains to stress that they have full confidence in CEO Hubert Joly and his Renew Blue program to revitalize the company. “My dedication to the company that I founded and love is unwavering and, together with Hubert and the Board, I determined that the best way to support Best Buy would be to return in support of the initiatives underway,” says Schulze, at the same time nominating long time cronies Brad Anderson and Al Lenzmeier to the company’s board. Could packing the board this way be an indication that his investment in the retail chain is headed for significant upside?