Brian Dunn News
JCP Leads Top 7 Recent CEO Disasters
Chief executive officers may not have the worst job in the world, but they certainly don't have the easiest. Managing thousands of employees, a contentious board of directors or a tough market, sometimes even the most competent people have the cards stacked against them. Take Ron Johnson, for
Biggest Losers: 9 Stocks Hammered in 2012
The New Year is almost here, and executives at some U.S. companies are glad 2012 is over. These are the firms that went off the rails, leading to large share-price losses. For this story, we looked at the nine biggest share-price losers among U.S.-based companies with market...
Best Buy (BBY) Defends Estimated $32 Million Pay Package for New CEO
New Best Buy CEO Hubert Joly Gets $6 Million If Job Falls Through Before He Starts
Can New CEO Hubert Joly Turn Around Best Buy (BBY)?
Best Buy has appointed a new CEO, Hubert Joly, to lead the beleaguered electronics retailer. Interim CEO Mike Mikan, who has led Best Buy since former chief executive Brian Dunn resigned following an inappropriate relationship with a female employee, will continue to serve on the...
Restoration Hardware Chief Quits Amid Relationship Probe
Restoration Hardware chairman and co-chief executive officer Gary Friedman has reportedly resigned over an inappropriate relationship with a 26-year old female employee, whose ex-boyfriend first alerted the furnishings retailer of the allegation. The New York Times reports that an ex-boyfriend of
7 Costly Missteps from Chad Johnson to Tiger Woods
Chad Johnson, who once changed his named to Ochocinco, lost his most recent gig as a wide receiver for the Miami Dolphins following his arrest on allegations of domestic violence. The day after the incident between Johnson and his reality star wife, Evelyn Lozado, Johnson was released from the
3 Obstacles Before Best Buy Founder Can Take Firm Private
Best Buy founder Richard Schulze has offered to buy his retail company for $8.8 billion but faces an uphill battle with the company’s board in pitching his deal. “There is no question that now is the moment of truth for Best Buy and that immediate...
Five Ways Best Buy May Be Able to Turn Around Its Business
With news that Best Buy's largest shareholder, founder and chairman Richard Schulze, has resigned from the retailer's board, Best Buy's future may hang in the balance even more than previously. With competitors like Amazon, Walmart, and Costco offering lower prices, Best Buy's sales have
Best Buy Releases Store Locations Closure List
Best Buy today announced the locations of the remaining 42 stores slated for closure as part of the electronic retailer’s plan to cut costs. Last month, the company announced plans to shut down 50 stores following a $1.7 billion loss for its fourth quarter ended...
Best Buy Female Employee-CEO Details Emerge
New details have emerged about the female employee with whom Best Buy CEO Brian Dunn reportedly had an “inappropriate relationship,” according to The Wall Street Journal. The unnamed woman, reported to be 29, worked in a leadership training institute at the company’s headquarters in Richfield,...