Best Buy CEO Brad Anderson talks profits, losses and lessons

by Tom Crann, Minnesota Public Radio

St. Paul, Minn. — Even as the Dow was down Tuesday, shares in Best Buy continued to rally, posting a gain of 3.25 percent. That's on top of a nearly 18 percent leap on Monday.

This all comes even after the retail electronics giant announced sharp drops in sales and profits in the last quarter. Investors sent the stock soaring after those results turned out to be better than expected. The company is also offering voluntary severance packages to its 4,000 headquarters employees in Richfield.

Tom Crann went to Richfield yesterday to talk with the man at the helm of Best Buy, CEO Brad Anderson.

Broadcast Dates

• All Things Considered, 12/17/2008, 5:50 p.m.