The Battle for Best Buy, the Incredible Shrinking Big Box



By Bryan Gruley and Jeffrey McCracken, Bloomberg Businessweek

“Richard Schulze had a splendid summer of 2012 planned. He had made billions starting Best Buy (BBY), the chain of electronics superstores, and at 71 was looking forward to relaxing with his wife at their home on Florida’s Gulf Coast, taking a European cruise, and playing plenty of golf. He would shoot up to Minnesota on his private jet for board meetings and to check on the $500 million fundraising campaign he was co-chairing for the University of St. Thomas in St. Paul.”

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