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Best Buy CEO's exit linked to "personal conduct"
April 11, 2012
April 11, 2012
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audit committee investigation was initiated," according to a company statement issued late Tuesday. "Prior to the completion of the investigation, Mr. Dunn chose to resign."
Dunn, who started his career at Best Buy as a sales clerk in the 1980s, could not be reached for comment about the investigation. But earlier on Tuesday, the 50-year-old said in a statement that he was leaving Best Buy poised "for a strong future."
Best Buy Co. hasn't disclosed the terms of Dunn's severance package. But Dunn's annual compensation for fiscal 2010, the latest figures available, was worth about $5 million - half of
audit committee investigation was initiated," according to a company statement issued late Tuesday. "Prior to the completion of the investigation, Mr. Dunn chose to resign."
Dunn, who started his career at Best Buy as a sales clerk in the 1980s, could not be reached for comment about the investigation. But earlier on Tuesday, the 50-year-old said in a statement that he was leaving Best Buy poised "for a strong future."
Best Buy Co. hasn't disclosed the terms of Dunn's severance package. But Dunn's annual compensation for fiscal 2010, the latest figures available, was worth about $5 million - half of
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