Question: On August 2 0 , 2 0 1 2 Best Buy announced that it picked Mr . Hubert Joly as its new CEO. Mr .

On August

20, 2012

Best Buy announced that it picked Mr

.

Hubert Joly as its new CEO. Mr

.

Joly was a former top executive at hospitality chain Carlson Cos. With no retail experience. After the announcement, the stock price of Best Buy dropped

10 %

on the day of this announcement. The lack of which of the following leader powers was most likely to be the cause in the drop of share price for Best Buy if we assume that the information here is the only thing that changed about the company while holding all other information constant?

.

Information power

.

Referent power

.

Reward power

.

Coercive power

.

Expert power

On August 20,2012 Best Buy announced that it picked Mr. Hubert

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