Report: Best Buy pay consultant quits over retention bonuses

Minneapolis -- A Tuesday report by Bloomberg said that Best Buy compensation consultant Don Delves resigned after Best Buy awarded more than 100 managers retention bonuses that weren’t tied to performance. Citing people familiar with the matter, Bloomberg reported that Delves – who is president of Chicago-based Delves Group and was retained by the Best Buy board -- was strongly opposed to the payments. He has worked with the retailer’s compensation committee for seven years as an independent consultant. CFO James Muehlbauer and U.S head Michael Vitelli are said to be among executives awarded extra pay as incentive