Schulze Resigns From Best Buy Board; May Go For Private Takeover
Best Buy founder and chairman Richard Schulze, who recently announced he will step down following his role in the scandal that led to Brian Dunn's departure, has departed early and also resigned completely from the board.
Schulze told the Star Tribune that he quit in order to "explore all available options for my ownership stake," indicating that he may seek to mount a takeover of the company he founded.
Hatim A. Tyabji, who was to replace Schulze as chairman June 21, will take over immediately instead. Schulze was to remain on the board through next June, but will step down now.