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]
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
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 [...]
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
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 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
Best Buy founder Richard Schulze is stepping down as the retailer’s chairman, the latest casualty in the scandal that triggered the ousting of former CEO Brian Dunn. Schulze is being places by director Haim Tyabji. Schulze will be chairman emeritus, “an honorary position,” and remain a director through June 2013. The electronics retailer also unveiled [...]
Best Buy's former chief executive Brian Dunn violated company policy by engaging in a relationship with a female subordinate, the company's board of directors said today in a filing with the SEC. However, Best Buy said Dunn did not misuse...Show More Summary
Best Buy has expanded its investigation of former CEO Brian Dunn to consider whether some execs improperly withheld allegations about Dunn’s conduct from the retailer’s board, the Star Tribune reports. Dunn resigned last month after the company launched an investigation of allegations he used company resources to conduct an improper relationship with a female employee. [...]
Best Buy Co. has formed a selection committee to find a new chief executive after an internal investigation into former CEO Brian Dunn’s “personal conduct” led him to resign.
The resignation of Best Buy CEO Brian Dunn last week could be the start of a massive shift for not only Best Buy, but for big-box retailers across a wide range of sectors. "This is not the end of physical media sales, but that will become a minority niche business," said Marty Wolf, a merger and acquisitions adviser. Show More Summary
Best Buy was in the news recently as it announced a $1.7 billion quarterly loss, along with layoffs and the closure of 50 of its 1100 stores. And then came the news that Best Buy CEO Brian Dunn had resigned upon mutual agreement. If...Show More Summary