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Best Buy CEO talks about sharing stock options with low-level employees

Best Buy CEO Brad Anderson tells Fortune about the retailer’s practice of sharing stock options with low-level workers instead of management only. Anderson dropped out of seminary school and started at Best Buy as a clerk 35 years ago. By the time he rose to chief executive, he said he realized that “the innovation that we were counting on was not going to be my innovation. It was the guys where I was 35 years ago that were going to innovate.” The company tried sharing the stock options without publicizing the decision, but a newspaper eventually reported the story, he said. “It wasn’t an attention strategy.” Watch the interview here.

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