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+ - Best Buy Founder Steps Down Amid CEO Scandal->

Submitted by
Stowie101
Stowie101 writes "Best Buy founder Richard Schulze is stepping down as chairman after an investigation found he knew former CEO Brian Dunn was having a relationship with a female employee and did not alert the audit committee.

Best Buy says the board's decision is based on Schulze's failure to act when he discovered Dunn was having a romantic relationship with a female employee. Best Buy says in a statement that Schulze "failed to bring the matter to the Audit Committee of the Board of Directors in December 2011, when the allegations were first raised with him.""
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Best Buy Founder Steps Down Amid CEO Scandal

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