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Dunn to Get Multi-Million Dollar Severance Package

Brian Dunn resigned as CEO on April 9 amid a personal conduct investigation and shortly after the company announced it would be closing 50 stores.

Former Best Buy CEO Brian Dunn is set to receive a $6.6 million severance package.

According to CBS Local, the payout includes a 2012 bonus of $1.1 million, stock grants of $2.5 million, a severance payment of $2.9 million and more than $100,000 for unused vacation. The amount is more than double the earlier this month.

The severance announcement came shortly after Best Buy's audit committee released a three-report on its investigation into Dunn's alleged relationship with a female staffer. , however, there was no misuse of company money. The company's found after the investigation found he knew about the affair and neglected to report it.

According to CNN Money, Dunn cannot take a job with a competitor for three years. The company is still looking for Dunn's replacement, which could take months.

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David Haines May 17, 2012 at 09:37 PM
No job with a competitor for 3 years? How is he going to survive? lol I don't understand why people get so much money for their "inappropriate behavior". I understand that he should get his unused vacation (seems like a lot though) and any stock options he purchased from the company but what is up with the bonus and enormous severance? And yes, I know that is capitalism but it just seems like an unfathomable amount of money from a company that is struggling to a boss that acted badly.
Caitlin Burgess (Editor) May 18, 2012 at 03:40 AM
Um yeah. That's a lot of money, but it seems legit. In regards to the three year thing, I'm just wondering what job prospects look like for this guy. I mean, yes there are millions coming in now, but If he really did want to continue to work, is he an attractive candidate?

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