Best Buy founder and chairman Richard "Dick" Schulze has been named to the 2007 CE Hall of Fame. Schulze joins 10 other inductees, including Dr. Amar Bose, founder of Bose Corp.; Paul Allen, co-founder of Microsoft; John McDonald, former president of Casio USA; Steve Sasson, the Kodak executive who developed the digital camera; and retailer William Crutchfield, founder of Crutchfield. The honorees will be formally inducted at CEA's annual awards dinner, to be held during CEA's Industry Forum, Oct. 14-17 in San Diego,CA, U.S.
Schulze founded Best Buy forerunner Sound of Music in 1966. By the early 1980s the audio specialty chain expanded into video products and appliances, and adopted the name Best Buy in 1983.