When the CEO exits, other senior executives often follow. At Best Buy, the resignation last month of CEO Brian Dunn has been followed by the departure of the chief marketing officer (Barry Judge), the chief technology officer (Robert Stephens) and the CFO of the international division (David Demo). An exodus of senior talent isn’t good […]
Best Buy Co has accomplished something remarkable. In a few short hours, it took a fairly routine CEO resignation and turned it into a scandal. Early this morning, just after the opening of trading, Best Buy issued a brief statement saying CEO Brian Dunn resigned. It wasn’t a big surprise; after all, Dunn had been […]
The announcement by Best Buy Co. that its CEO Brian Dunn resigned is significant for what it doesn’t say. Although it was awkwardly announced just as the stock market was opening, the company’s news release was direct, brief and included positive comments from Dunn and interim CEO Mike Mikan. The statement was also quick to […]