12/31/2013
A year ago, Best Buy's stock plunged 50% and everyone predicted its demise. Everything changed since the hiring of the new CEO, Hubert Joly, a former McKinsey & Co. management consultant known as a corporate turnaround specialist. In 2013 shares soared 239%, one of only three stocks in the S&P 500 to rally by more than 200%.
Under Chief Executive Officer Hubert Joly, "Renew Blue" restructuring has priced Best Buy back into U.S. electronic markets—online and off