Commerce

Best Buy’s New CEO Gets Pay Package Worth up to $32 Million

Published on August 22, 2012
by Ann Zimmerman and Joann S. Lublin

Best Buy Co. awarded new Chief Executive Hubert Joly with a compensation package worth up to $32 million to lure him to the slumping electronics chain.

Much of the pay package — which is 2½ times more than the retailer earned in its most recent quarter — is intended to compensate Mr. Joly for money he was set to earn as CEO of hospitality chain Carlson Cos., a job he resigned last week to take the helm at Best Buy.

Read the rest of this post on the original site »

Return to: Best Buy’s New CEO Gets Pay Package Worth up to $32 Million

URL: http://allthingsd.com/20120822/best-buys-new-ceo-gets-pay-package-worth-up-to-32-million/