Best Buy Co. founder Richard Schulze will step down as chairman after a probe found he failed to tell the board about allegations that then-Chief Executive Officer Brian Dunn was having an inappropriate relationship with a female employee.
Best Buy Co.’s board investigation of former Chief Executive Officer Brian Dunn’s personal conduct centers on an inappropriate relationship with a female employee, according to a person familiar with the matter.
Best Buy Co.’s probe into former Chief Executive Officer Brian Dunn’s personal conduct remains open after the electronics retailer’s interim CEO told employees the disclosure of Dunn’s departure was confusing.
Bloomberg's Jon Erlichman reports on the troubles that remain at Best Buy after Chief Executive Officer Brian Dunn's resignation yesterday. The company later announced the resignation came amid a board investigation into Dunn’s “personal conduct.” He speaks on Bloomberg Television's "Inside Track." (Source: Bloomberg)
Best Buy Co., the world’s largest consumer-electronics retailer, plans to close 50 U.S. big-box stores this year to reduce costs after fourth-quarter sales trailed analysts’ estimates. The shares slid.