Best Buy offers top executives $10M in bonuses

The struggling Richfield-based electronics giant has given four executive vice presidents millions in cash and stock incentives to stay with the company. The Business Journal reports each executive would have to return the money if he or she left the company voluntarily within one year of the hiring of a new CEO. Best Buy says the "continuity award agreements are necessary to enable a stable CEO transition and appropriate continuity of leadership."
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The struggling Richfield-based electronics giant has given four executive vice presidents millions in cash and stock incentives to stay with the company. The Business Journal reports each executive would have to return the money if he or she left the company voluntarily within one year of the hiring of a new CEO. Best Buy says the "continuity award agreements are necessary to enable a stable CEO transition and appropriate continuity of leadership."

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