CEO Of Best Buy (NYSE:BBY) Hit In Wallet

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Best Buy (NYSE:BBY)'s CEO has dropped half of his pay package. CEO Of Best Buy (NYSE:BBY) Hit In Wallet Best Buy (NYSE:BBY)'s Chief Executive Officer received a pay package worth about $5 million in the most recent fiscal year, half of what he got the year before, as the largest U.S. electronics retailer, Best Buy (NYSE:BBY), faced a slowdown in demand as consumers change the way they buy electronics. Best Buy (NYSE:BBY) has been shrinking its stores, expanding online offerings and focusing on more profitable businesses like mobile phones and accessories. Best Buy (NYSE:BBY)'s net income fell 3 percent in 2010, while its revenue edged up 1 percent to $50.27 billion. Best Buy (NYSE:BBY) shares are currently standing at 30.7. Price History Last Price: 30.7 52 Week Low / High: 28.09 / 48.13 50 Day Moving Average: 30.98 6 Month Price Change %: -29.9% 12 Month Price Change %: -37.8%