Business & Tech
Former Best Buy CEO May Get Millions After Resignation
Best Buy must determine if Brian Dunn's resignation was voluntary or involuntary.
, Brian Dunn may receive as much as $3.2 million in termnination payments, depending on whether his departure is deemed voluntary.
According to Bloomberg Business, Dunn would be entitled to payment if it's decided that he left involuntarily. He could get nothing if deemed voluntary. The severance package would be made up of straight cash and stock awards.
When Dunn's resignation was announced, the company stated his leave was a
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Dunn resigned shortly after the company announced a major decline in fourth-quarter earnings, and . Hours after his resignation, allegations that he had surfaced as well.
Dunn's conduct is still being investigated. The company said it will release its findings to the public.
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