Richard Schulze

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Best Buy Founder Makes Offer to Buy ... Best Buy

Richard Schulze offers $24 to $26 a share

(Newser) - Best Buy founder Richard Schulze wants back in. Schulze, who stepped down as chairman in June after news of ex-CEO Brian Dunn's affair broke, today offered to take the struggling company private at $24 to $26 a share, reports Bloomberg . That values the company at around $8.5 billion,... More »

Best Buy's Schulze Looks to Dump His Shares

And he'll resign early to do it

(Newser) - Best Buy founder Richard Schulze is stepping down as chairman immediately so that he can "explore options" for his 20.1% stake in the company, the Wall Street Journal reports. Schulze was already set to resign , thanks to his role in covering up the Brian Dunn sex scandal , but... More »

Best Buy Ousts Founder for Sex Scandal Coverup

Richard Schulze didn't alert audit board about Brian Dunn's infidelity

(Newser) - The man who founded Best Buy announced his resignation today, after an investigation found that Richard Schulze had known about ex-CEO Brian Dunn's affair with a female employee, but hadn't alerted the audit committee, the AP reports. Best Buy had until now kept mum about reports of Dunn'... More »

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