Let’s say you are on the board of a dying big box retailer.
You know it’s going to die. It’s been dying for a long time. It business model has been completely supplanted by Amazon.com. But luckily, there’s someone crazy enough to buy it before it slides into its final state of retail oblivion. Do you ignore this buyer?
Best Buy’s board should be thanking founder Richard Schulze for his offer to take the struggling company private. Instead, Schulze is running around Wall Street begging analysts for help to influence the board. Click here to read more on that.
I think Best Buy’s board should sell it to him. It’ll be his funeral.