THEY
THEY PUT
THEY PUT IN. SO HOW TO MAKE UP FOR THE
SHORTFALL?
SHORTFALL? THE RESEARCHERS SAY, RAISING
TAXES IS ONE OPTION.
>>> A MINNESOTA-BASED BEST BUY
IS MAKING HISTORY TODAY AS ITS
NEW CEO TAKES THE REINS.
CORIE BARRY IS NOT ONLY THE
FIRST FEMALE CEO OF THE COMPANY
BUT THE YOUNGEST FEMALE CEO IN
THE FORTUNE 100.
SHE IS UNIVERSALLY VIEWED AS A
KEY PLAYER IN THE COMPANY
TURNAROUND FROM NEAR BANKRUPTCY
TO A THRIVING TECHNOLOGY HUB
TODAY.
TODAY.
TODAY. I
TODAY. I HAD A CHANCE TO TALK TO HER
ABOUT WHO SHE IS AND HOW SHE
PLANS TO LEAD.
>> I WANTED TO INTRODUCE OUR
VIEWERS TO YOU AND WHO YOU ARE
AS A PERSON.
I THINK THEY WILL FIND IT
IMPORTANT THAT YOU ARE A
MINNESOTA GAL.
MINNESOTA GAL. >> I AM.
>> I AM.
>> I AM. I'M SO PROUD TO BE AN MINNESOTA
GAL.
GAL.
GAL. I'M
GAL. I'M FROM CAMBRIDGE, AN HOUR
NORTH OF THE TWIN CITIES.
>> YOU HAD A UNIQUE UP BRINGING
I WOULD SAY, ONE THAT MAKES IT
RATHER UNLIKELY YOU'RE SITTING
IN THE CHAIR RIGHT NOW.
DESCRIBED THAT.
DESCRIBED THAT. >> MY PARENTS WERE BOTH SELF-
EMPLOYED ARTISTS.
EMPLOYED ARTISTS. SO I SPENT MY YOUNG ADULT YEARS
TRAVELING THE COUNTRY COME A
SELLING ART ALL OVER THE
COUNTRY.
COUNTRY.
COUNTRY. WE WOULD LOAD UP THE VAN, GET
IN AND DRIVE ACROSS THE
COUNTRY.
COUNTRY.
COUNTRY. WE WOULD UNLOAD AND SET
EVERYTHING UP AND SELL ART ALL
DAY.
DAY.
DAY. TAKE
DAY. TAKE IT DOWN INTO THE NEXT DAY.
I TREASURED GROWING UP THAT WAY
BUT DIDN'T THINK I WANTED TO
LIVE THAT WAY NECESSARILY IN MY
LIFE.
LIFE.
LIFE. >>
LIFE. >> COULD YOU HAVE IMAGINED THIS
MOMENT WHEN YOU ARE NAMED CEO
OF A FORTUNE 100 COMPANY?
>> NOT IN 1 MILLION YEARS.
THE WASN'T ONE PERSON IN MY
LIFE WH SAID, I WILL CALLED A
CORPORATE EXAMPLE.
CORPORATE EXAMPLE. I DID NOT KNOW ANYONE WHO LIVED
IN A CORPORATE LIFE.
>> SPEAKING OF UNLIKELY, WHAT
KIND OF BACKGROUND TO BE CEO,
THAT IS UNLIKELY TO BE A FEMALE
CEO FORTUNE 144 YEARS OLD.
>> I CARRY A LOT OF
RESPONSIBILITY IN THAT ROLE AND
I LOVE THAT I ALSO CAN SET AN
EXAMPLE AS A WOMAN OR SET AN
EXAMPLE IS MAYBE SOMEONE
YOUNGER THAN AVERAGE.
THAT IS NOT THE PRIORITY.
THE PRIORITY IS TO BE THE BEST
POSSIBLE CEO FOR THIS AMAZING
COMPANY.
COMPANY.
COMPANY. >> IF YOU CAN THINK OF 2 THINGS
YOU REALLY HOPE TO PUSH FOR
THAT YOU WILL MAKE YOUR
PRIORITIES, IN THE NEXT FEW
YEARS, WHAT WOULD THEY BE?
>> 1st OF ALL I GENUINELY
BELIEVE THAT WE ARE AS STRONG
AS A PEOPLE.
AND AN ENGAGED WORKFORCE IS THE
MOST POWERFUL ASSET WE HAVE.
AND EVERYTHING WE CAN DO TO
INVEST IN OUR PEOPLE, TO ENSURE
THEY FEEL LIKE THEY HAVE CAREER
PATHS AND FEEL LIKE THEY ARE
DOING SOMETHING THAT IS
MEANINGFUL AND GENERALLY
HELPING A CUSTOMER, THAT TO ME
CREATES MORE MOMENTUM THAN ANY
OTHER STRATEGIC IDEA I CAN
THINK OF.
THINK OF.
THINK OF. >> ALSO WHAT IS IMPORTANT IS
CONSTANTLY TRYING NEW THINGS.
I THINK HEALTH IS A GREAT
EXAMPLE.
EXAMPLE.
EXAMPLE. >> 5 YEARS AGO FOR YOU TO SAY
BEST BUY WILL BE IN THE
BUSINESS OF HEALTHCARE AND
SENIOR CITIZENS IT WOULD HAVE
MADE NO SENSE AT ALL.
>> YES, IT WILL BE I BELIEVE
ONE OF THE BIGGEST EVOLUTIONS
AND TECHNOLOGY.
AND TECHNOLOGY. IN 5 YEARS IT MAY LOOK LIKE
THERE ARE SENSORS IN YOUR HOME
THAT CAN TRACK YOUR BEHAVIOR
AND PREDICTABLY TELL YOU
ANYMORE MAJOR MEDICAL EVENT IS
GOING TO HAPPEN.
SO SOMEONE CAN ALERT ME AND
SAY, GRANDMA HASN'T GONE TO THE
BATHROOM OR IS IT TAKING HER
MEDICINE, CHECK ON HER.
>> I LOVE YOUR MOTHER'S DAY
VIDEO YOU DID FOR EVERYBODY
HERE AT BEST BUY.
>> I GENERALLY THINK I AM A
GOOD, POSITIVE CONTRIBUTING
MEMBER OF MY FAMILY AND I'M A
GOOD, POSITIVE CONTRIBUTING
MEMBER OF MY WORK LIFE.
>> WHAT WERE YOU COMMUNICATING
TO EMPLOYEES IN THAT VIDEO?
>> I WAS GIVING EXAMPLES OF HOW
I TRY TO GET THROUGH IT.
FROM THE OUTSIDE SOMETIMES AN
EMPLOYEE MAY LOOK AND SAY IT IS
ALL FIGURED OUT, SHE HAS PEOPLE
DRIVING HER KIDS TO WORK OR SHE
HAS TUTORS AND NANNIES.
WE HAVE NONE OF THAT.
THEY GET ON THE BUS.
JUST LIKE EVERYONE ELSE.
I DON'T BELIEVE BALANCE IS A
THING.
THING.
THING. OR
THING. OR AT LEAST DEFINED BY ME.
WHAT I WANTED TO BE WAS AS
GENUINE AS I COULD ABOUT THE
CHALLENGES WE FACE, ABOUT HOW
HARD IT IS TO MAKE THE TRADE-
OFF DECISIONS AND JUST LET
EVERY PARENT, WHETHER IT IS A
MOM, DAD, LET THEM ALL KNOW.
IT IS AN EASY, AND SOMETIMES IS
MESSY.
MESSY.
MESSY. THAT'S OKAY.
THAT'S OKAY. BUT DO YOU THINK THAT
DIFFERENCE YOU AS WELL?
THAT YOU ARE MORE PERSONABLE
AND MORE OPEN WITH WHO YOU
REALLY ARE AS A PERSON INSTEAD
OF A BUTTONED UP CEO TYPE?
>> ONE OF THE WHAT WE CALL
BATTING BEHAVIORS AT BEST BUY
IS TO BE HUMAN.
I WANT TO LIVE THAT.
EVERYTHING I CAN DO TO HELP THE
WORLD SEE THE GOOD, THE BAD AND
UGLY THAT COMES WITH, ANY JOB
LIKE THIS, I THINK IT IS
IMPORTANT.
IMPORTANT. AND I HOPE THAT IT HELPS OTHERS
BE CREATE JUST ABOUT --
COURAGEOUS ABOUT TAKING ON
CHALLENGES IN YOUR LIFE.
>> TODAY IS OFFICIAL SHE IS NOW
THIS NEW CEO.
IN RESEARCHING I DID NOT FIND
AN ANALYST ON THE NATIONAL
SCALE, ONE EXPERT THAT HAD
ANYTHING NEGATIVE TO SAY ABOUT
HER.
HER.
HER. SHE
HER. SHE REALLY HAS BUILT A VERY
SOLID REPUTATION AT BEST BUY.
IS YOU CAN SEE IS VERY
PERSONABLE.
PERSONABLE. AND OPEN. IT WILL BE FUN TO
WATCH WHAT SHE DOES WITH THE
COMPANY.
COMPANY.
COMPANY. >> AUTHENTICITY WORKS.
IT WORKS IN A NUMBER OF
DIFFERENT WAYS.
DIFFERENT WAYS. FOR HER, IT IS OFTEN.
>> THAT IS ONE OF, I WOULD SAY
ONE OF HER PILLARS.
SHE IS ADAMANT ABOUT AND OPEN
ABOUT, YOU HAVE TO BE YOURSELF,
THE SAME PERSON YOU ARE LEADING
THE COMPANY AS YOU ARE AT HOME,
AS YOU ARE IN YOUR
NEIGHBORHOOD.
NEIGHBORHOOD. IF YOU'RE NOT THAT IS WHEN
THINGS GO WRONG.
THEY START TO CRUMBLE.
>> SHE'S ALSO THE CARETAKER,
SHE AND HER HUSBAND FOR HER
GRANDMA.
GRANDMA.
GRANDMA. >> THAT WHOLE HEALTHCARE SENIOR
THING.
THING.
THING. ANY OF US ARE DEALING WITH
EXACTLY WHAT SHE SAID.
THAT IS SO SMART AND SUCH A
GOOD MOVE.
GOOD MOVE. >> A GROWING SEGMENT OF THE
STORE IN