A call to Olympus Ventures LLC was not returned early Friday. The company appears to be closely tied to the Richard Schulze Family Foundation, a philanthropic group. The two organizations share at least one senior executive and an office address in Minneapolis.
the hot seat-- that Paull was among the directors on Best Buy Co. Inc.'s board who pushed for an exit of founder Richard Schulze back in 2012, after Schulze failed to inform the board about allegations that then-CEO Brian Dunn had used company funds while having an affair with a female employee.
Date: Dec 16, 2016
Category: Business
Source: Google
Stock Market Turns Page To September: Focus On Syria, Jobs And Bernanke
o extend its 2013 gain to more than 200%. The move has not gone unnoticed by the companys largest shareholder though: founder and Chairman Emeritus Richard Schulze, whose effort to buy the retailer proved fruitless last year, filed plans to sell a chunk of his stake between October and March.
Last year, for example, Best Buy Co Inc's Richard Schulze tried to buy the electronics retailer with the help of private equity firms. He failed in that bid, but managed to find his way back on the board 10 months later. He now serves as Best Buy's chairman emeritus.
8%. In June 2012 BestBuy Founder (and largest shareholder), Richard Schulze, resignedfrom the board of directors in order to seek out the possibility oftaking the suffering company private. During this time Best Buynamed Hubert Joly as president and CEO, a decision Schulze wa "Hubert Joly is an accomplished executive," said Best Buy FounderRichard Schulze in August 2012. "However, Best Buy continues toface enormous challenges and needs a clear plan and a provenleadership team with deep retail experience and knowledge of BestBuy to win back of him, CEO Joly initiated acorporate and morale renovation project called "Renew Blue". Thiswas clearly a good move because today Best Buy announced thatRichard Schulze would be returning to the company as ChairmanEmeritus in support of the company's transformation project.
+1.84% advanced 1.8% after the consumer-electronics retailer said founder Richard Schulze would return as chairman emeritus, offsetting talk that its largest investor was considering selling his stake in the company.
Date: Mar 25, 2013
Category: Business
Source: Google
SEC clears Nasdaq's Facebook settlement; UK firm to import natural gas from US
lBest Buy founder Richard Schulze, who left the board last year and later failed in his effort to take the company private, will rejoin the retailer as chairman emeritus and add two of his former colleagues to the board.
The retailer also all but dashed any hope that it might go private after it said it ultimately did not receive a buyout offer from founder Richard Schulze before the twice-extended deadline expired on Thursday.
Richard Schulze (1966-1970), Robert Leuwen (1968-1972), Jamie Daniels (2000-2004), VI Madigan (1976-1980), Don Walters (1968-1972), Bonnie MacWhinney (1969-1973)