Want to make an easy $6.6 million at Best Buy? Get hired as CEO, then have an inappropriate relationship with an employee. Because as Brian Dunn has shown, getting booted for a shady affair won't cost you your big golden parachute.
Best Buy said Monday its founder Richard Schulze is stepping down as chairman after an investigation found that he knew that the CEO was having a relationship with a female employee and failed to alert the audit committee.
Last year, 24/7 Wall St. put together a list of CEOs who need to retire, basing its judgment on quarterly earnings, stock price, and innovation. Now, with most large public companies having reported their second quarter results, 24/7 is back with a list of nine CEOs who are performing so poorly that they ought to be removed immediately. Read on to find out who, and why.