While the media spotlight is often on whether or not tech companies are ready to move forward and declare an IPO, the case for Best Buy is just the opposite. The Wall Street Journal is reporting that Best Buy founder Richard Schulze is mulling over the possibility of taking the big box retailer private. The other option is for him to sell his $1.4 billion stake in the company and run. Earlier this month, Schulze announced his resignation from Best Buy’s board of directors amid the news that he was also exploring options to sell his 20 percent stake in the company. Read the full story at ZDNet.
About Shelly Palmer
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit shellypalmer.com.