intro: With news that Best Buy's largest shareholder, founder and chairman Richard Schulze, has resigned from the retailer's board, Best Buy's future may hang in the balance even more than previously.
With competitors like Amazon, Walmart, and Costco offering lower prices, Best Buy's sales have floundered. The company announced in March the closure of 50 stores.
Shares of Best Buy closed up 2.25 percent on Friday to $19.98. Its 52-week high is $32.85.
Schulze, 71, controls 20.1 percent of...Full Story