Dick Schulze

Best Buy founder Richard Schulze's bid to purchase the company may have ended in disappointment but that doesn't mean Schulze plans to go into exile anytime soon.

Last Friday, Schulze visited the retailer's headquarters in Richfield and spoke at some length with CEO Hubert Joly, according to a source close to Schulze.

The company declined to comment.

Perhaps Schulze gave Joly some clue about whether he will rejoin the board of directors. Schulze has until this Friday to nominate candidates to fill the two board seats the company granted him because of his 20 percent

The drums are beating louder as Richard Schulze pressures Best Buyâs board of directors directors to let him take the company private. The former executive team, the ones who built Best Buy are on board, there's private equity involved and the founder himself - determined to get the job done.

Former Best Buy executives are in Minneapolis, working hard to get this deal done. This morning, Schulze sent a letter to Best Buy's board:

"On August 6, after repeated requests to the Board to provide me with due diligence information and the consent

Every year Dealerscope has the pleasure to honor the most influential leaders in consumer technology with the Dealerscope Hall of Fame Awards. The inductees are selected after consulting with Dealerscope's Editorial Advisory Board, friends and partners and the Dealerscope magazine staff. This year, the lucky 13th time Dealerscope has granted the awards, we honor individuals from several aspects of the CE business from manufacturing to retailing to buying groups. These inductees represent the best and brightest talent in the industry. They have have singled themselves out through their vision, leadership and accomplishments. In the pages that follow we profile some of this year's inductees

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