Best Buy Founder and Chairman Richard Schulze to Join Brian Dunn by Stepping Down
Best Buy has released a statement amid the Brian Dunn misconduct fallout that found and chairman Richard Schulze will be resigning as chairman.
The failing electronics wholesaler has been thrust into controversy twofold as they are closing stores left and right, and faced with the PR disaster of the Brian Dunn misconduct circus surrounding his involvement with a female staffer earlier this year.
Schulze has a 20% piece of The Big Blue Box and will be leaving the board as chairman by the meeting on June 21st. Hatim Tyabji will be his successor, and is currently chairman of the audit committee and has been the director of Best Buy since 1998.
“This is a big deal,” said Janney Capital Markets analyst David Strasser. “This makes the decision about who the new CEO is even more critical to the company. Now there’ll be no ‘old-school’ decision makers in charge. The new CEO will come in with complete control over the company.”
The company said its findings came from 45 interviews of 34 current or former employees; searches of emails and other documents on the computers of Dunn and the female employee; and an analysis of expense reports and records detailing Dunn’s corporate use of aircraft, as well as records of his corporate credit card over a three-year period.
Best Buy’s audit committee said that Brian Dunn had to leave the company because he had consumed an inordinate amount of time, to the detriment of the workplace, and at one point he was contacting her up to 224 times a day, with one day making 33 calls as well as 149 text messages to the female staffer.
Ex-CEO of Yahoo Scott Thompson Claims to Now Have Cancer
Scott Thompson, who was once the President of PayPal and the CEO of Yahoo, is now claiming publicly that he has cancer. Boy, either this is the saddest case of pathological lying or he just got dealt the harshest comeuppance I have ever seen.
Before he left Yahoo, he told the board that he had thyroid cancer. This new development arose right as they were tightening the grips of the investigation into his lying about his credentials.
Thompson says that he did not say anything to the board about having cancer because he did not want to announce it publicly, but is now in treatment- for the cancer, not the giant lying monkey on his back.
Research In DeMotion - The Bleakberry Will Soon Be A Relic Of The Past
On the back of a failed attempt at viral marketing, RIM are in the death throes of a failing behemoth, by hiring a new COO and CMO, as if it can wash away the shame. They recruited Kristian Tear, a former executive vice president at Sony Mobile Communications as COO and Frank Boulben, who was executive vice president at LightSquared after a career at European wireless carriers as CMO.
As I state before in my VLOG, I don’t put much stock in BB10 because it requires the users to buy all new hardware, with all new contracts. This is a stretch of customer service, which seems plausible, but to then give your customers the hard sell by saying “You are either with us, or dead to us” just doesn’t rub some people the right way.
Let’s consider the following:
RIM was a business sector leader when it came to mass deployment contracts but quickly lost their footing with the invention of the iPhone signalling the touch screen smart phone revolution.
RIM was plagued with issues of Android compatibility as Android OS started to pull ahead of iOS device sales
RIM seems to hate their customers as much as they hate the concept of 100 percent uptime.
Now that iPhones and Androids are touting the same features that once made Blackberry an asset in the corporate world, they are becoming less and less of a staple the longer they wait to keep up with the times. At this point, it seems as if the only asset the Blackberry still has going for it are the physical keyboards, and people who got stuck with ridiculously long contracts.
I don’t think RIM will close the doors any time soon, but then again, neither did AOL, and when was the last time you logged on? Let me know what you think in the comments below, and I’ll get back to you!
Here we see an official message on the school's web site concerning Yahoo CEO Scott Thompson and his degree in Accounting
Scott Thompson remains with his head off a platter this morning, and Third Point is calling foul and demanding the books concerning his hiring, calling his competency into question given his recent dishonesty.
What do you think should happen? Answer in the comments below; I always answer! Thanks for reading guys!