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Founder of Best Buy quits
BEST Buy founder Richard Schulze is stepping down as chairman after he failed to tell the board that a former CEO had an improper relationship with a female employee, the electronics retailer said yesterday.
Best Buy said the board’s investigation had found that former chief Brian Dunn’s relationship “negatively impacted the work environment”, but involved no misuse of company resources. Hatim Tyabji will succeed Schulze.