Today's Hard|Forum Post
Today's Hard|Forum Post

Monday May 14, 2012

Best Buy Chairman Steps Down After CEO Probe

CEO busted messing around with young employee gets $6.6M severance package. A company chairman steps down after 46 years with the company with no severance package...for not reporting he'd heard rumors about the affair. Yup, this is definitely a Best Buy story. big grin

Best Buy said Monday its founder Richard Schulze is stepping down as chairman after an investigation found that he knew that the CEO was having a relationship with a female employee and failed to alert the audit committee.