COVID Stimulus Watch Individual Entry

Recipient Company:

BEST BUY CO INC

Loan or Loan Guarantee Amount:

$1,037,895

Recipient Details

Ownership Structure: publicly traded (ticker symbol BBY)

Award Date: Jul 10, 2020

Award Type: loan

Award Details: Amount represents the purchase price of company bonds bought by the Fed.

Program Name: Secondary Market Corporate Credit Facility

Legislation: CARES

Awarding Agency: Federal Reserve

Data Source for Award:

Parent Company: Best Buy

Headquartered in: Minnesota

Parent Sector: retailing

Parent Industry: retail-consumer electronics

Employees (prior to pandemic): 125,000

Employment-related Penalties: $16,895,191

Good Jobs First has no data in this category

Environmental / Healthcare / Safety Penalties: $4,013,413

Consumer Protection / Financial / Competition-related Penalties: $633,570

Ratio of CEO Pay to that of Median Worker: 438 to 1

CEO Compensation: $11,440,663

Worker Median Pay: $27,005

Total Federal, State, and Local Subsidies: $15,229,508

Federal Corporate Income Tax Rate: 19.7%