Best Buy

Questions are Free for Billionaires Too

Questions are Free for Billionaires Too

Excerpted with the permission of the authors from Chapter 10 of So, What’s Your Point?

I (James) was honored to serve on the Board of Directors of the Best Buy Company for fourteen years.  Rated by Forbes in 2004 as the best managed company in America, the founder was billionaire Dick Schulze.  He had a high school education, but I learned more about business from him than any business professor.

How could he enjoy such incredible success without a business degree?  He answered that question for me one day in 1994.  During a board meeting, I asked what Best Buy was...