Best Buy’s Schulze Sells $120 Million in Stock
Richard Schulze, the founder and current chairman of Best Buy, made $120 million in a sale of the company’s stock last week, the Minneapolis-St. Paul Business Journal reported,citing SEC filings.
The sale took place over two weeks last week, as Schulze sold off 1.5 million shares on Tuesday and an additional 850,000 shares the following day. The founder still controls 69.4 million shares, the Journal said. The shares sold for $51.11 a share Tuesday and $51.45 Wednesday.