Former Best Buy chief Dunn may get $3.2 million; investigation widens
Minneapolis -- According to a Wednesday filing by Best Buy, former CEO Brian Dunn may receive either $3.1 million or zero in termination payments following his highly publicized resignation.
The payout is dependent on whether or not Dunn is determined to have left voluntarily on April 9.
In the filing, Best Buy said it is reviewing Dunn’s compensation pending its investigation into his personal conduct.
The company also said it will make the results of the probe publicly available and will disclose the final terms of his departure once resolution is reached.
In related news, a report in the Minneapolis’s Star Tribune said that the electronics retailer has widened its investigation of Dunn, looking for evidence that some company executives improperly withheld allegations about his conduct from the Best Buy board of directors. Dunn is accused of using company resources to conduct an improper relationship with a female employee.
The report said that Best Buy’s investigative team is examining whether Dunn used company-leased aircraft in connection with the alleged improper relationship.