toggle

AAPL Stock: 122.7 ( -0.68 )

Printed from http://www.macnn.com

Best Buy CEO exit said drawing parallels to HP-like scandal

updated 08:45 pm EDT, Thu April 12, 2012

Best Buy CEO may have left over affair

The sudden resignation of Best Buy CEO Brian Dunn may have been prompted by conditions with some similarity to those that forced HP chief Mark Hurd out in 2010. Tips to the Wall Street Journal on Thursday explained that the probe was over Dunn possibly misusing company resources for a "relationship" with a 29-year-old woman working at a Best Buy leadership training facility. The board took action after it got complaints, although it's not known who relayed the information.

The circumstances are believed to be more innocuous than in the Hurd case, where the executive was actively using expenses to hide attempts to pursue contractor Jodie Fisher. The so far unnamed woman has said that the complaints stemmed from "something small that people blew out of proportion."

Best Buy has so far said it won't provide more details until the probe is over. Two laywers from Cutler Pickering Hale & Dorr, including a former SEC commissioner are thought part of the investigation.

The circumstances surrounding the resignation have still raised suspicions. At first, Best Buy only claimed it was a "mutual" decision between Dunn and the board, implying more a competitive problem. Later, it hinted at "personal conduct" being to blame, a euphemism for a potential scandal. Companies rarely have grounds to push executives out over strictly personal issues and usually get involved only when concerns of misused finances or nepotism come into play.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

15-inch MacBook Pro with Force Touch

Apple's 15-inch Retina MacBook Pro continues to be a popular notebook with professional users and prosumers looking for the ultimate ...

Typo keyboard for iPad

Following numerous legal shenanigans between Typo -- a company founded in part by Ryan Seacrest -- and the clear object of his physica ...

Entry-level 27-inch Retina iMac

The 27-inch Apple iMac with 5K Retina display is already one of the best value-for-money Macs that Apple has ever released. It was som ...

toggle

Most Commented