Mike Mikan | Mahony Partners

Things get messy at Best Buy

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 […]

What the Best Buy Announcement Doesn’t Say

Crisis , Taking & Managing Risk

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 […]