Since it started 46 years ago, Best Buy Co. has been run like a family business by founder Richard Schulze
, even as it grew from a small stereo retailer called Sound of Music into an international chain with $50 billion in revenue.
Mr. Schulze, 71 years old, handpicked the two CEOs who followed him, opting both times for company lifers. Aside from being board chairman and owner of almost 18% of the shares outstanding, he remains tied to Best Buy through a web of business deals and a foundation
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Search is On For Best Buy CEO
April 13, 2012
Best Buy Thursday announced the official launch of its search for a new CEO to replace Brian Dunn. The search, the company said, is expected to take six to nine months.