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What Richard Schulze Got in Best Buy 'Chairman Emeritus' Deal

March 28, 2013

Tucked away in Best Buy's recent let's-be-friends deal with founder Richard Schulze are some details on the perks, financial and otherwise, that Schulze will collect in his new role as "chairman emeritus."

Footnoted, a blog that delves into security filings, reports on this week's peacemaking agreement between Schulze and Richfield-based Best Buy, which among other things will return Schulze and two other former executives to the retailer's board.

He'll get money, of course - $2.1 million plus a salary of $150,000, which was noted in Best Buy's 8-K about the agreement.



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