Publications
Publications
- 24 Nov 2021
Best Buy: Hubert Joly
By: Guy Raz and Hubert Joly
Abstract
In 2012, to say there was a crisis at Best Buy—is an understatement. In January, Forbes published an article with the headline: WHY BEST BUY IS GOING OUT OF BUSINESS.
Then, in March, the company reported a loss of $1.7 billion dollars, and in April, the CEO resigned because of an "inappropriate relationship" with an employee.
Hubert Joly stepped in, determined to fix Best Buy, and he started by valuing the people who work there.
Then, in March, the company reported a loss of $1.7 billion dollars, and in April, the CEO resigned because of an "inappropriate relationship" with an employee.
Hubert Joly stepped in, determined to fix Best Buy, and he started by valuing the people who work there.
Citation
"Best Buy: Hubert Joly." Wisdom from the Top (podcast), National Public Radio (NPR), November 24, 2021. (Interview with Guy Raz.)