Being A CEO is sweet. Just copping heavy inappropriate touch and then scoring a $6 Million severance package. That is how bosses move!
(CNNMoney) — Best Buy on Monday said an investigation revealed that former Chief Executive Officer Brian Dunn engaged in an inappropriate relationship with a female co-worker.
Dunn, who stepped down as Best Buy’s (BBY, Fortune 500) CEO in April, “violated company policy by engaging in an extremely close personal relationship with a female employee that negatively impacted the work environment,” according to the company. Best Buy’s board of directors said that Dunn’s relationship “demonstrated extremely poor judgment and a lack of professionalism.” But the company said Dunn’s conduct did not involve “misuse of company resources” or “misuse of aircraft.”
Best Buy said Dunn will receive a severance package totaling more than $6.6 million. The package includes severance pay of $2.85 million, stock grants worth $2.54 million, a “previously earned” $1.14 million bonus and $106,700 in unused vacation pay.