Sundar PichaiSundar Pichai earned $164M in 2023

Hubert Joly served as the CEO of Best Buy from 2012 to 2019 and is known for successfully turning the company around during his leadership. Under his guidance, Best Buy adopted the 'Renew Blue' transformation strategy, focusing on better customer...

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Hubert Joly

Ex-CEO of Best Buy

Education

MBA from Harvard Business School

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

August 31, 1960 - 64 years ago

CEO of Best Buy for

7 years 0 months (Jun 2012 - Jun 2019)

Previous Experience

CEO of Carlson Wagonlit Travel, President of the Global Services Division at Accenture

Holdings

See how much did Hubert Joly make over time.

Joly's holdings in Best Buy have seen significant value changes. In September 2019, they were worth around $33.32 million, peaking at approximately $56.13 million by November 2021, before dropping back to about $35.49 million as of November 2023. His approach...

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Total Stock Sold

$189.88M

BBY

$189.07M

3,140,736 BBY shares

RL

$804.70K

5,634 RL shares

What if they kept their stock?

If Hubert Joly didn't sell their stock, today they would have:
Extra BBY3,140,736 shares worth $202.42M and RL5,634 shares worth $429.09K.
This is 6.83% and $12.97M more than what they got when they sold the stock.

Charitable Transactions

BBY

210,426 shares

BBY

Recent Charitable Transactions

BBY

5,926 shares

BBY

Feb 2, 2019

Charity

BBY

100,000 shares

BBY

Mar 2, 2018

Charity

BBY

53,500 shares

BBY

Feb 3, 2018

Charity

BBY

51,000 shares

BBY

Aug 21, 2017

Charity

Insider Trading

See recent insider trades of Hubert Joly.

RL

3.41 shares

RL

Jan 10, 2025

Received

RL

4.06 shares

RL

Oct 11, 2024

Received

RL

985 shares

RL

Aug 1, 2024

Received

RL

5.91 shares

RL

Jul 12, 2024

Received

RL

6.05 shares

RL

Apr 12, 2024

Received

RL

7.01 shares

RL

Jan 12, 2024

Received

RL

8.83 shares

RL

Oct 13, 2023

Received

RL

1,292 shares

RL

Aug 3, 2023

Received

RL

9.87 shares

RL

Jul 14, 2023

Received

RL

10.21 shares

RL

Apr 14, 2023

Received

Compensation History

See how much did Hubert Joly make over time.

During his time at Best Buy, Joly's compensation varied year to year. In 2019, he earned a total of $5.89 million, which included a base salary of $650,000 and bonuses based on performance metrics. He had previously earned over $16 million in 2018, highlighting the results-based approach of his pay structure. His compensation reflects his focus on aligning executive pay with company performance and shareholder interests. Joly's compensation package also included stock awards that were tied to the company's financial success, showing a clear connection between leadership performance and company growth.

Year

2019

Total Compensation

$6.31M

Salary

$650.00K

Board Justification

The compensation philosophy is designed to align executive compensation with company performance and shareholder interests, focusing on pay-for-performance principles.

Bonus

$1.44M

Board Justification

The short-term incentive award was based on performance metrics including compensable enterprise operating income, enterprise revenue growth, and domestic cost reduction, resulting in a blended score of 1.120 for fiscal 2020.

Other

$0.00

Board Justification

No additional compensation was reported outside of salary, bonus, and stock awards.

Restricted Stock

$4.22M(48.81K restricted stock)

Board Justification

The vested stock includes performance-conditioned time-based restricted shares that vested based on the achievement of positive adjusted net earnings as of the end of the fiscal year.

Performance Metrics

The performance metrics included compensable enterprise operating income, enterprise revenue growth, and domestic cost reduction.