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.
Other articles on this topic: