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2. atouchofbusiness.com › companies › best-buyBest Buy's Retail Revolution: History and Summary

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   Dec 22, 2023 · Richard M. Schulze, the ambitious founder, embarked on his entrepreneurial journey with a store named Sound of Music. Funded by personal savings and a second mortgage on his family home, Schulze’s first store was a leap of faith into home and car stereo retail.

3. en.wikipedia.org › wiki › Best_BuyBest Buy - Wikipedia

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   Best Buy Co., Inc. is an American multinational consumer electronics retailer headquartered in Richfield, Minnesota. Originally founded by Richard M. Schulze and James Wheeler in 1966 as an audio specialty store called Sound of Music, it was rebranded under its current name with an emphasis on consumer electronics in 1983.

4. historydraft.com › story › best-buyHistory of Best Buy - Timeline - Historydraft

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   The internal investigation was released in May 2012 and alleged that Best Buy founder and chairman Richard Schulze knew of Dunn's inappropriate relationship and failed to notify the Best Buy board. Schulze subsequently resigned his chairmanship of the company.

5. en.wikipedia.org › wiki › Richard_MRichard M. Schulze - Wikipedia

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   Richard Michael Schulze (born March 25, 1941) is an American billionaire businessman. He is the founder of Best Buy and was chairman and CEO. On the Forbes 2016 list of the world's billionaires, he was ranked number 722 with a net worth of US$2.4 billion.

6. www.company-histories.com › Best-Buy-Co-IncBest Buy Co., Inc. -- Company History

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   Best Buy is the brainchild of the company's founder and chairman, Richard M. Schulze. In 1966 Schulze and a partner established Sound of Music, Inc. and opened their first store in St. Paul, Minnesota, in an attempt to capture a share of the Twin Cities' home and car stereo retail market.

7. www.mprnews.org › best-buy-richard-schulze-legacyBest Buy's Richard Schulze: Stereo seller to retail giant

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   May 15, 2012 · Best Buy founder Richard Schulze and his family are giving the University of Minnesota $40 million for diabetes research. Schulze has a daughter who has the disease. MPR photo/Tom...

8. People also ask

   Who is Richard Schulze?

   • Best Buy founder Richard Schulze and his family are giving the University of Minnesota $40 million for diabetes research. Schulze has a daughter who has the disease. In 1966, Best Buy was a stereo specialty retailer called Sound of Music, founded by Richard Schulze in St. Paul.

   Best Buy's Richard Schulze: Stereo seller to retail giant

   www.mprnews.org/story/2012/05/15/best-buy-richard-schulze-legacy

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   Does Richard Schulze have a daughter?

   • Schulze has a daughter who has the disease. In 1966, Best Buy was a stereo specialty retailer called Sound of Music, founded by Richard Schulze in St. Paul. Today, Schulze is another casualty of the recent scandal that swept Best Buy's chief executive Brian Dunn out of the company.

   Best Buy's Richard Schulze: Stereo seller to retail giant

   www.mprnews.org/story/2012/05/15/best-buy-richard-schulze-legacy

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   Why did Richard Schulze resign from Best Buy?

   • The internal investigation was released in May 2012 and alleged that Best Buy founder and chairman Richard Schulze knew of Dunn's inappropriate relationship and failed to notify the Best Buy board. Schulze subsequently resigned his chairmanship of the company. Best Buy Director Hatim Tyabji replaced Schulze as Best Buy chairman.

   History of Best Buy - Timeline - Historydraft

   historydraft.com/story/best-buy/timeline/841

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   When did Schulze become Best Buy?

   • Growth in the 60s: By 1969, after acquiring two companies, Schulze expanded to three stores and took the company public on NASDAQ. Major Shift in the 80s: Post a tornado sale in 1981, the company rebranded to Best Buy Co., Inc. in 1983, diversifying into home appliances and VCRs.

   Best Buy's Retail Revolution: History and Summary

   atouchofbusiness.com/companies/best-buy/

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9. www.historyoasis.com › post › best-buy-ceo-historyBest Buy CEO History: From Schulze to Barry

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   Feb 14, 2024 · As the first female CEO in Best Buy’s history, Barry’s progressive vision and principled leadership has further distinguished Best Buy as an exemplar of conscious capitalism thriving through disruption. Discover the leadership journey of Best Buy, from visionary founder Richard M. Schulze to present-day CEO Corie Barry.