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.
Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.
We also solicit original full-length posts and accept some unsolicited submissions.
