What you see above is every teen’s worst nightmare: their Tumblr redesigned by Yahoo, with nary a NSFW GIF or NSFW selfie in sight. They’re even so worried that Tumblr CEO David Karp, who sold his microblogging platform to Yahoo forShow More Summary
Best Buy Co., Inc. (NYSE:BBY), the electronics retailer that has been engaged in a turnaround effort led by CEO Hubert Joly, recently announced that it will exit the European market. Just five years after beginning a joint venture with partner Carphone Warehouse, Best Buy will sell its stake to its partner for about $775 million. This [...]
Redwood City, Calif.-based Shutterfly has acquired photo bookmaking software producer MyPublisher. Calling its new acquisition's software client "best in class," Shutterfly CEO Jeffrey Housenbold argued that in conjunction with Shutterfly's...Show More Summary
Turmoil is the best word to describe the situation at the top of Occidental Petroleum. Despite commendable efforts by the company's CEO, Stephen Chazen, to grow production while cutting costs, Occidental just can't seem to shake theShow More Summary
On the 10th Anniversary of the lunch of iTunes, TuneCore founder and ousted CEO Jeff Price sent this email: As documented by ABC news, Jan 25th, 2006 We were up all night, to get it live. We ran to Best Buy to get a camcorder to film us to send to ABC as they could not get us a camera crew So sad what has happened to it... Show More Summary
Doug Levy, author of Can’t Buy Me Like and the founder and CEO of MEplusYOU, gives surprising advice about the best way utilize social media.
The incredible run in Best Buy Co., Inc. (NYSE:BBY) shares over the last few months could be foolish optimism, or the belief that new CEO Hubert Joly has the skills to turn the situation around. But there could something more fundamental; with the US housing market rebounding, is Best Buy poised to bounce back? Best [...]
Shares of Best Buy (BBY) are up 58 cents, or 2.5%, at $23.36, after the company this morning announced that founder Richard Schulze has returned to the company as chairman emeritus. Schulze expressed his respect for CEO Huberty Joly and his “high regard for the work he and his executive team are doing.” “I determined [...]
You probably saw all the on-line drama recently about Yahoo's CEO ending remote/work from home arrangements. Lots said about that one with people agreeing/disagreeing across the board. What a lot of people missed was that Best Buy took a similar,...
Best Buy CEO Hubert Joly raised a lot of eyebrows when he killed the company's "Results Only Work Environment" (ROWE), which allowed employees to work from anywhere, as long as they got the job done. "Bottom line, it’s ‘all hands onShow More Summary
When Yahoo CEO Marissa Mayer's decision to end telecommuting at her company was followed soon afterwards by a similar move at Best Buy, it was tempting to think a new trend had been started, and that more firms would soon follow suit. That,...Show More Summary
Will Andrew Mason be remembered for his graceful exit? He's looking good so far. In a week in which Groupon's board fired him as CEO, the stock ended end up more than 7%, enjoying one of its best rallies since the company's NovemberShow More Summary
It’s been nearly a year since brash Best Buy CEO Brian Dunn stepped down amid a cloud of scandal. In the months that followed, the company’s stock price sunk, its founder and chairman Richard Schulze exited, then attempted unsuccessfully to buy the company back, and a French guy from the hospitality industry is now in charge of righting the ship. … [More]
Big box stores are dying. JCPenney, Sears, Best Buy, and more are shuttering stores and recasting their strategies. “They were hit by a perfect storm of competition from the Internet and supermarkets,” Steve Brazier, CEO of market research firm Canalys, said in a report last year. Show More Summary
Struggling electronics retailer Best Buy, long known for a corporate culture that rewards employees for performance rather than office attendance, is following in Yahoo’s footsteps. A week after Yahoo CEO Marissa Mayer banned working from home, Best Buy announced that it i …
Hubert Joly, the new chief at Best Buy, has made a bold move to totally revamp the culture at the struggling consumer electronics big box chain.
Last November, Joly gave a revealing quote to the Star-Tribune that sheds light on whatShow More Summary
Best Buy (BBY) reported better-than-expected numbers for its fourth quarter, but CEO Hubert Joly also confirmed that buyout talks with founder Richard Schulze have failed.
Domestic revenue for the fourth quarter declined 0.3 percent year-over-year to $12.55 billion, a dip largely attributed to the closing of 49 stores earlier in 2012. Show More Summary
Best Buy Co., Inc. (BBY) F4Q13 Earnings Call March 1, 2013 9:00 am ET Executives Bill Seymour – Vice President-Investor Relations Sharon McCollam – Executive Vice President and Chief Financial Officer Hubert Joly – President and Chief...Show More Summary
It's a hard time to be in the tech-retail sector, a fact that Best Buy knows all too well. The business has announced a fourth quarter net loss of $377 million on revenues of $16.7 billion. CEO Hubert Joly was upbeat despite the bad numbers, saying that the company's domestic sales helped offset its failures overseas. Show More Summary
With only days to go until company founder Richard Schulze makes his case to the board for buying the company back, Best Buy’s new-ish CEO Hubert Joly is moving full-steam-ahead with his plan to restructure the company, announcing that 400 employees will soon no longer be employees.
According to Best Buy, the staff cuts are part of $150 million … [More]