BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Best Buy welcomes new CEO Dunn, the prince of 'connectivity']]>http://www.bloggingstocks.com/2009/06/29/best-buy-welcomes-new-ceo-dunn-the-prince-of-connectivity/http://www.bloggingstocks.com/2009/06/29/best-buy-welcomes-new-ceo-dunn-the-prince-of-connectivity/http://www.bloggingstocks.com/2009/06/29/best-buy-welcomes-new-ceo-dunn-the-prince-of-connectivity/#commentsFiled under: , ,

Last week, Best Buy Inc. (NYSE: BBY) CEO Brad Anderson ceded the throne to 24-year Best Buy vet Brian Dunn, who took over as CEO. Dunn, who started with the largest consumer electronics chain in the U.S. by belting out the theme to Miami Vice to amp up home theater sales in the 1980s, has stated that he wants to "connect" every consumer that steps inside Best Buy's doors. That is, make sure wireless phones, PCs, and home theater become the chain's biggest opportunities. In other words, take advantage of the "three screens of opportunity."

Continue reading Best Buy welcomes new CEO Dunn, the prince of 'connectivity'

Best Buy welcomes new CEO Dunn, the prince of 'connectivity' originally appeared on BloggingStocks on Mon, 29 Jun 2009 10:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BBYBest BuyBest Buy CEOBest Buy MobileBrian DunninthenewsMon, 29 Jun 2009 10:20:00 EST<![CDATA[Best Buy CEO Anderson sees 60% pay cut]]>http://www.bloggingstocks.com/2009/05/14/best-buy-ceo-anderson-sees-60-pay-cut/http://www.bloggingstocks.com/2009/05/14/best-buy-ceo-anderson-sees-60-pay-cut/http://www.bloggingstocks.com/2009/05/14/best-buy-ceo-anderson-sees-60-pay-cut/#commentsFiled under: ,

Best Buy, Inc. (NYSE: BBY) will be ushering in Brian Dunn as its new CEO next month. Dunn, a company veteran, has some solid plans to keep the largest consumer electronics retailer in the U.S. afloat throughout the ongoing economic recession.

But before that happens, current CEO Brad Anderson won't be going out with a bang. A pay bang, that is.

Continue reading Best Buy CEO Anderson sees 60% pay cut

Best Buy CEO Anderson sees 60% pay cut originally appeared on BloggingStocks on Thu, 14 May 2009 13:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>BBYBest BuyBest Buy CEOBestBuyBestBuyCeoBrad AndersonBradAndersonCEO payCeoPayinthenewsThu, 14 May 2009 13:00:00 EST<![CDATA[With new CEO Best Buy's future looks bright]]>http://www.bloggingstocks.com/2009/01/28/with-new-ceo-best-buys-future-looks-bright/http://www.bloggingstocks.com/2009/01/28/with-new-ceo-best-buys-future-looks-bright/http://www.bloggingstocks.com/2009/01/28/with-new-ceo-best-buys-future-looks-bright/#commentsFiled under: , ,

When Best Buy, Inc. (NYSE: BBY) announced that CEO Brad Anderson would retire this summer, the obvious choice to replace him was current COO and President Brian Dunn. After all, Dunn is a Best Buy vet and has had a hand in making Best Buy the top consumer electronics retailer in the U.S. With Anderson and Dunn running the show, Best Buy rose past every competitor and held the larger mass merchants at bay.

The retailer has not had an easy time with the recent consumer spending slowdown, but its fundamentals are very solid and it retains a competitive advantage. Consumers continue spending money at Best Buy, and voting with dollars is a sign of success. Dunn will face one of the hardest times in Best Buy's history since consumers have tightened their collective purse strings. Still, he is the right pick and Best Buy's long-term future continues to be very bright, the current retail malaise not withstanding.

Continue reading With new CEO Best Buy's future looks bright

With new CEO Best Buy's future looks bright originally appeared on BloggingStocks on Wed, 28 Jan 2009 11:45:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>BBYBest BuyBest Buy CEOBestBuyBestBuyCeoBestByBrad AndersonBradAndersonBrian DunnBrianDunnconsumer electronicsconsumer spendingConsumerElectronicsConsumerSpendingfeaturedInc.Wed, 28 Jan 2009 11:45:00 EST<![CDATA[Best Buy CEO makes $5.6 million in most recent fiscal year]]>http://www.bloggingstocks.com/2007/05/18/best-buy-ceo-makes-5-6-million-in-most-recent-fiscal-year/http://www.bloggingstocks.com/2007/05/18/best-buy-ceo-makes-5-6-million-in-most-recent-fiscal-year/http://www.bloggingstocks.com/2007/05/18/best-buy-ceo-makes-5-6-million-in-most-recent-fiscal-year/#commentsFiled under: , ,

In the light of consumer electronics giant Best Buy (NYSE:BBY) beating up all over the competition, has its CEO earned his pay recently? Best Buy CEO Brad Anderson received $5.6 million in fiscal year 2007, which I say I say is underpaid according to how Best Buy has performed in the same period. In other words, this is probably a case of a CEO not being compensated enough. When some CEOs take home packages worth tens of millions for under-performance (with incompetent boards blessing them highly), it's refreshing to see a CEO who has taken his company to the top, has taken the share price for a ride (it's not done fabulous, but it has not sunk) and is being paid according to that effort.

If you were a BBY shareholder back in August 2005 when a 3:2 split happened and ended up selling late in the summer of 2006 (as fears of losses from flat-panel TV price plummeting gripped the industry), you may be sitting pretty right now. Are you? If so, do you agree with Anderson's pay package for Best Buy's fiscal 2007?

Although BBY has not made much movement in the most recent year, Best Buy as a company continues to make what I consider to be all the right moves from a merchandising and services standpoint. At the same time, competitor Circuit City (NYSE:CC) has told 3,400 employees to take off and CompUSA us in the midst of closing half of its stores in the U.S. that show under-performance. That leaves Best Buy as a top PC retailer (where margins can be very thin) as well as a burgeoning provider of all kinds of services (Geek Squad and the purchase of Speakeasy). Things appear on track for Anderson and Co., in other words.

Best Buy CEO makes $5.6 million in most recent fiscal year originally appeared on BloggingStocks on Fri, 18 May 2007 11:15:00 EST. Please see our terms for use of feeds.

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