Best Buy Founder to Step Down in Wake of Inquiry
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.
The struggling electronics retailer disclosed that its board-supervised investigation into Mr. Dunn concluded he engaged in an “extremely close personal relationship” with a 29-year-old subordinate that “negatively impacted the work environment,” though it found no evidence that he misused company assets.