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NEWS: Founder of U.S. Store Chain Best Buy Resigns


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Apollo-kun



Joined: 11 Feb 2010
Posts: 1213
Location: City 7, Macross 7
PostPosted: Sat Jun 09, 2012 3:07 pm Reply with quote
Crazy times in the electronic store industry, hm? Although, according to the below article, the CEO's name was Brian Dunn.

http://www.examiner.com/article/best-buy-founder-richard-schulze-resigns-wake-of-dunn-scandal
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formerroadie1



Joined: 31 Oct 2010
Posts: 126
Location: Fort Worth, TX
PostPosted: Sat Jun 09, 2012 3:35 pm Reply with quote
And, like most corporations in this country, they will probably give him a mass bonus on his way out. American capitalism.... stupid is as stupid does.
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Chagen46



Joined: 27 Jun 2010
Posts: 4377
PostPosted: Sat Jun 09, 2012 3:38 pm Reply with quote
formerroadie1 wrote:
And, like most corporations in this country, they will probably give him a mass bonus on his way out. American capitalism.... stupid is as stupid does.


Becuase socialism/communism really works better amirite?
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RyanSaotome



Joined: 29 Mar 2011
Posts: 4210
Location: Towson, Maryland
PostPosted: Sat Jun 09, 2012 3:39 pm Reply with quote
Chagen46 wrote:
formerroadie1 wrote:
And, like most corporations in this country, they will probably give him a mass bonus on his way out. American capitalism.... stupid is as stupid does.


Becuase socialism/communism really works better amirite?


I can see where this topic is going to go now...

About Best Buy, its too bad but it was inevitable. It can't compete with sites like Amazon.
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TarsTarkas



Joined: 20 Dec 2007
Posts: 5953
Location: Virginia, United States
PostPosted: Sat Jun 09, 2012 4:49 pm Reply with quote
As the article states, he resigned because of fallout from a sex scandal about the CEO of the company. Nothing to do with Capitalism or Socialism. Just plain ole human nature.
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GATSU



Joined: 03 Jan 2002
Posts: 15594
PostPosted: Sat Jun 09, 2012 4:50 pm Reply with quote
Quote:
Becuase socialism/communism really works better amirite?


Well, in terms of life expectancy and overall satisfaction, yes. Rolling Eyes
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firedragon54738



Joined: 24 Sep 2007
Posts: 3113
Location: wisconsin
PostPosted: Sat Jun 09, 2012 5:46 pm Reply with quote
Well I hope that a good store that sell anime that goes in there when crap buy dies
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nekedo



Joined: 16 Nov 2006
Posts: 94
PostPosted: Sat Jun 09, 2012 7:09 pm Reply with quote
firedragon54738 wrote:
Well I hope that a good store that sell anime that goes in there when crap buy dies

Fat chance, darling. What the heck do you have against Best Buy anyway? They didn't take back that used DVD you bought and opened 6 months ago?

I also like how someone resigning = OMG THE COMPANY IS GOING UNDER!!
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RoverTX



Joined: 17 Dec 2008
Posts: 424
PostPosted: Sat Jun 09, 2012 7:16 pm Reply with quote
firedragon54738 wrote:
Well I hope that a good store that sell anime that goes in there when crap buy dies


I am hoping Fry's will take some of there market share when they finally go under. The service is just a crappy, but the prices and selection, from computer parts to anime DVDs, is far superior.
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Sunday Silence



Joined: 22 Jun 2010
Posts: 2047
PostPosted: Sat Jun 09, 2012 7:19 pm Reply with quote
nekedo wrote:
I also like how someone resigning = OMG THE COMPANY IS GOING UNDER!!


Funny thing, that same scenario happened to Borders. And it did come true!!
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Tuor_of_Gondolin



Joined: 20 Apr 2009
Posts: 3524
Location: Bellevue, WA
PostPosted: Sat Jun 09, 2012 8:10 pm Reply with quote
nekedo wrote:
firedragon54738 wrote:
Well I hope that a good store that sell anime that goes in there when crap buy dies

Fat chance, darling. What the heck do you have against Best Buy anyway? They didn't take back that used DVD you bought and opened 6 months ago?

I also like how someone resigning = OMG THE COMPANY IS GOING UNDER!!


They're a garbage company that continually tries to load you up with stuff you don't want or don't need while you're trying to buy something you do want or need. There are *lots* of reasons why people don't like Best Buy, and the chain as a whole has been circling the drain for a few years now with no signs of recovering. I doubt they'll last another 5 years, but I suppose it's possible.
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dragonrider_cody



Joined: 14 Jun 2008
Posts: 2541
PostPosted: Sat Jun 09, 2012 8:45 pm Reply with quote
Sunday Silence wrote:
nekedo wrote:
I also like how someone resigning = OMG THE COMPANY IS GOING UNDER!!


Funny thing, that same scenario happened to Borders. And it did come true!!


Well as much as I despise Best Buy, and as much as I'm certain they will be out of business within the next several years, there is one big difference between them and Borders. Borders bled money for several years before finally closing up shop. Best Buy has only had one unprofitable quarter, and that was due to financial and tax charges. The company is still profitable overall.
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yamiangie



Joined: 03 Mar 2010
Posts: 465
PostPosted: Sat Jun 09, 2012 9:49 pm Reply with quote
from the way Mike Toole's been putting it Best Buy is in the slow downward spiral to going under. Nice to see the next step to them in bankruptcy has happened.
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Polycell



Joined: 16 Jan 2012
Posts: 4623
PostPosted: Sat Jun 09, 2012 9:58 pm Reply with quote
GATSU wrote:
Quote:
Becuase socialism/communism really works better amirite?


Well, in terms of life expectancy and overall satisfaction, yes. Rolling Eyes
What do life expectancy and education have to do with happiness? A lot of states game the former anyway - the US is one of the few that count every live birth(hence the lower figure).

At any rate, he's the founder and owns a big chunk of the company - it's not very surprising if he gets a golden parachute.
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Surrender Artist



Joined: 01 May 2011
Posts: 3264
Location: Pennsylvania, USA
PostPosted: Sat Jun 09, 2012 10:06 pm Reply with quote
GATSU wrote:
Quote:
Becuase socialism/communism really works better amirite?


Well, in terms of life expectancy and overall satisfaction, yes. Rolling Eyes


There are no socialist or communist countries in that list. Those states are distinguished from the United States by their extensive overt social welfare systems, but all have market economies, not ownership and control of most or all sectors of the economy by the state, and are in some ways freer than that of the United States.

Polycell wrote:
- it's not very surprising if he gets a golden parachute.


It'll feel a lot more like a golden shower to the rest of us.
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