5 Short-Lived CEO Stints

Yet despite quick tenures, several execs still made a pretty penny

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5 Short-Lived CEO Stints

George Mikan

Best Buy 5 Short Lived CEO StintsCompany: Best Buy
Tenure: Five months

This one is less notable for the time at the helm, considering Mikan was only hired as an interim CEO. What’s notable about his stint is just how much money Mikan made in all of five months in office.

In April 2012, Brian Dunn resigned as chief executive of big-box electronics store Best Buy (BBY) following a personal conduct investigation. Mikan was named to replace him, then was replaced by Hubert Joly in September 2012 — not even half a year later.

BBY shares shed more than 30% under his reign, and more than 40% from its late February peak. Yet Mikan received pay of $3.32 million, broken out as $1.35 million in salary, then $1.97 million in stock awards.


Article printed from InvestorPlace Media, http://investorplace.com/2013/09/5-sad-short-lived-ceo-stints/.

©2014 InvestorPlace Media, LLC

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