It’s been nearly a year since brash Best Buy CEO Brian Dunn stepped down amid a cloud of scandal. In the months that followed, the company’s stock price sunk, its founder and chairman Richard Schulze exited, then attempted unsuccessfully to buy the company back, and a French guy from the hospitality industry is now in charge of righting the ship. … [More]
ByChris Antrim : Best Buy (BBY) chairman Richard Schulze was forced to step down from the company he founded last May. At the time, CEO Brian Dunn was found to be having an inappropriate relationship with a female employee. An audit committee found Richard was aware of the situation, and failed to report it to the board. Show More Summary
The worst CEO of 2012 was former Best Buy head honcho Brian Dunn, according to a list compiled by Professor Sydney Finkelstein at The Daily Ticker. Finkelstein, a professor at Dartmouth College’s Tuck School of Business, included Aubrey McClendon (Chesapeake Energy), Andrea Jung (Avon), Mark Pincus (Zynga), and Rodrigo Rato (Bankia) in his list, but [...]Show More Summary
Sydney Finkelstein, a professor at Dartmouth College's Tuck School of Business and author of "Why Smart Executives Fail," has put together his list of 2012's worst CEOs. Former Best Buy CEO Brian Dunn is the headliner. Dunn resignedShow More Summary
The CEO-go-round at Best Buy continues to spin, as the electronics company announced this morning that it had chosen a successor to CEO Brian "These dishes are" Dunn, who left the company under a cloud of scandal -- all while company founder Richard "Don't call me Sergeant" Schulze moves forward with his bid to arrange [...]
Best Buy (BBY) on Monday announced that former Carlson boss Hubert Joly will take over as chief executive officer beginning next month. The retail giant’s former CEO, Brian Dunn, stepped down without warning this past April after the big-box retailer hit a rough patch and said during its fourth-quarter earnings call that it would shutter 50 U.S. Show More Summary
It's been a rough year for Best Buy -- it's shuttered dozens of stores, seen its founder step down and even lost its CEO, Brian Dunn. Still, the big box retailer hasn't given up hope, and today chose a new chief executive, one Hubert Joly. Show More Summary
The electronics retailer Best Buy has seen its share of turmoil recently. There was CEO Brian Dunn’s scandal that caused a black mark on the company and further turmoil came when Richard Schulze gave up his position as Chairman of Best Buy. (...)Read the rest of Richard Schulze Wants To Buy Best Buy © Coolest [...]
Best Buy founder Richard Schulze wants back in. Schulze, who stepped down as chairman in June after news of ex-CEO Brian Dunn's affair broke, today offered to take the struggling company private at $24 to $26 a share, reports Bloomberg. That values the company at around $8.5 billion, which...
When Best Buy founder Richard Schulze stepped down as chairman in June earlier than everyone had expected after allegations he'd handled CEO Brian Dunn's alleged involvement with an employee poorly, he said he would consider options for his 20.1% stake in the company, including the logical step of selling it off. Which is why he's causing [...]
Brian Dunn stepped down as Best Buy Co., Inc.’s (BBY) CEO less than three months ago, but we wouldn’t be surprised if his former colleagues are even fonder of him now than they were when he left. That’s because – thanks to his departure – they just got lucrative “Special Continuity Awards.” According to an [...]
Best Buy has been shaken up by the recent, unexpected departures of both CEO Brian "My Work Here Is" Dunn and company founder Richard "I Need a Better Nickname" Schulze. And interim CEO Mike Mikan says more changes are coming to the electronics retailer. Show More Summary
By Kraken: Best Buy's (BBY) founder Richard Schulze resigned from his chairman role after allegations of CEO Brian Dunn's relationship with an employee were uncovered. Schulze knew about the relationship, but failed to mention it to his board. Show More Summary
Yet more fallout in the case of Best Buy CEO Brian Dunn's sudden resignation last month. Some more light has been shed on those aforementioned "certain issues" we heard about, and now an internal investigation has led to the exit of the big box retailer's founder Richard Schulze as chairman of the board. Show More Summary
Best Buy Co.'s founder, Richard Schulze, will step down as chairman next month after an internal probe found that he didn't alert other directors that his handpicked successor as chief executive, Brian Dunn, was allegedly having an inappropriate relationship with a female employee.
Best Buy gave founder and chairman Richard Schulze a curt exit after it emerged that he knew of former CEO Brian Dunn's affair but didn't disclose it to the board.
After investigating former Chief Executive Brian Dunn’s relationship with a female employee, an internalBest Buy Co.probe found “extremely poor judgment and a lack of professionalism” but no misuse of the electronics retailer’s resources.
(Reuters) - Best Buy Co Inc founder and Chairman Richard Schulze is stepping down after he failed to tell the board that former Chief Executive Officer Brian Dunn had violated company policy by having "an extremely close personal relationship" with a female employee, the electronics retailer said on Monday. Show More Summary
When former Best Buy CEO Brian Dunn resigned after announcing a dramatic restructuring of the company's retail operations, it looked like a reaction to the company's recent financial woes. The timing of Dunn's resignation provided him...Show More Summary
Richard Shulze, the founder of Best Buy is leaving his role as company chairman, after an independent investigation found he had failed to report allegations of personal misconduct by former CEO Brian Dunn to the board's audit committee. Show More Summary