Q: What company had 2012's worst CEO? Hint: it starts with Best

Author:
Updated:
Original:

Here's one of those year-end lists you'd rather not make.

Business Week reports Dartmouth College professor and business author Sidney Finkelstein's annual list of the country's worst CEO's is headed this time around by Brian Dunn, the former leader of Best Buy. Dunn resigned in April, but the company has been through a full year's worth of headaches. With Best Buy's stock price, sales, and market share all sinking, Dunn abandoned ship amid allegations of an inappropriate relationship with an employee.

Dunn's resignation also made a year-end list, as Forbes looked back at the biggest corporate departures of 2012.

And the tumult at the Richfield-based electronics retailer will continue into the new year. Founder and former chairman Richard Schulze was reportedly on the verge of a buyout offer last week, as he works to take Best Buy private. But the company decided to extend a deadline for his offer into 2013, to give Schulze and his investors a chance to include Best Buy's holiday performance in their due diligence.

Next Up

Screen Shot 2020-10-30 at 6.09.58 PM

Here's what Joe Biden said in Minnesota Friday

Presenting himself as the candidate for a united country, he pledged improvements on affordable healthcare, pandemic relief

Mohamed Ibrahim

Missed PAT seals Gophers' fate against Maryland

Mohamed Ibrahim tied a school record with four touchdowns, but the Gophers lost in overtime.

dnr trout stocking helicopter

DNR uses a helicopter to more efficiently stock lakes with trout

In the past, the DNR used airplanes to stock remote lakes with fish, but the survival rate of the fish was only 85%.

steve simon zoom call

Secretary of State explains plans for segregated absentee ballots

Election officials are reminding voters that it's too late to mail in your absentee ballots.

Halloween, trick-or-treating

Osterholm on safe trick-or-treating: 'I would say go ahead with it'

The infectious disease expert's opinion doesn't align with the CDC's guidance.

drop and go ballot plymouth

It's too late to mail your ballot, but you can still vote. Here's how.

Voters can drop off their absentee ballot, vote early in-person or head to the polls on Election Day.

2019-12-11 f1rst Wrestling Hanukka Havok-Darin Kamnetz-154

Dusting itself off after virus blow, F1rst Wrestling returns to the ring this Sunday

Minnesota's premier independent wrestling company was on top of the world before the virus hit.

1024px-McD-McRib

McDonald's is bringing the McRib back in December

It hasn't appeared on menus for eight years.

Apple Valley High School

2 more Twin Cities districts moving to distance learning for grades 6-12

The decision was announced as infection rates in Dakota County rise.

Related