They Just Don't Get Best Buy!
Richard Schulze, the company's founder, chairman and biggest stockholder, was due to resign at the end of June at the annual shareholder meeting and continue for another year as a board member. Instead, he resigned abruptly Thursday (at the beginning of the month), leaving the board too.
Problem is, too much of the media, including CNNMoney and Business Insider, did not mention this alarming lurch in timing.
Others, such as Reuters and the New York Post, managed to mention the timing issue, but relegated it to afterthought territory. Strangely, the Financial Times, in an article titled "Best Buy hit by chairman's sudden exit," mentioned that he resigned "effective immediately," but said nothing about the abrupt change in plans that pushed the date up.
The New York Times put the central element in bold relief right in the headline: "Best Buy Chairman Leaving Early."