After owning an audio specialty store near his hometown of St. Paul, Minn., Richard Schulze founded Best Buy in 1983. He took the company public in 1985 and by 1992 had achieved revenues of $1 billion.
Brad Anderson was CEO from 2002 until 2009, when he was replaced by Brian Dunn. But he resigned over allegations of misconduct last year. Schulze stepped down as chairman of the board when the scandal broke.
Hubert Joly now has the CEO job, while in March Schulze assumed the nominal position of "chairman emeritus."