Best Buy founder Richard Schulze said on Thursday he is exploring all options for his 20.1% stake in the electronics retailer, leading him to immediately relinquish his roles as chairman and a director.
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.