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Top Best Buy exec cuts stake in company
Hubert Joly, CEO of Best Buy Inc., is doing a little diversification of his personal stock portfolio.
Bloomberg reports that as of June 2, Joly has sold 398,000 shares of Best Buy stock, or 44% of his roughly 910,000 company shares, for $12.8 million.
The retailer said Joly is not exploring other opportunities and has no plans to leave his current position.
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Following poor Q1, DSW finance chief resigns
Mary Meixelsperger, senior VP and CFO DSW Inc., is shifting professional gears
Meixelsperger has resigned from the company effective June 10, to pursue another unspecified opportunity. Coincidentally or otherwise, DSW recently missed expectations for both profits and sales in a difficult first quarter of fiscal 2016. Net income fell 37% and same-store sales also declined, although revenues grew below Wall Street forecasts.