After a series of bombshells that have shaken the company, Best Buy's interim CEO is trying to reassure employees that the electronics retail giant will rebound and rise again. "This has undoubtedly been the most difficult period in Best Buy's history," G. Mike Mikan said in a video message to employees Tuesday, the Pioneer Press reports.
Experts are weighing in on how Best Buy handled the upheaval, and their reviews are mixed, TwinCities Business reports.
It's been a day since it was announced that Best Buy Co. founder Richard Schulze would step down as chairman after an investigation found he did not tell the board about allegations that then-Chief Executive Officer Brian Dunn was having an inappropriate relationship with a female employee. Star Tribune reporter Thomas Lee talks about what happens next in this video.
Best Buy's internal report found that while Dunn acted inappropriately with a subordinate, it found no evidence that he misused assets.