Best Buy founder has options as decision day nears
The deadline for a decision for Best Buy founder Richard Schulze comes later this week.
After months of false starts, the Star Tribune reports that Schulze could choose from a number of options regarding the future of the world's largest consumer electronics retailer. His deadline for making a bid is Feb. 28.
He could make an offer for the company, returning the publicly traded company to its origins as a private chain of stores. He could walk away, ceding Best Buy's future to a new group of executives led by CEO Hubert Joly. The paper reports that Schulze's other options include recruiting a minority investor, selling his stake and exiting, or negotiating another extension.
A source close to Schulze insisted he will do something this week, if not make an outright buyout bid.
