Major CE Retailer Faces CEO Scandal
Giant US consumer electronics retailer is facing another CEO scandal the second in eight years.
The latest Best Buy scandal has seen current CEO Corie Barry come under investigation for what is being described as “Misconduct” allegations.
Corrie Barry is just one of 30 women to run an S&P 500 company, she also sits on the board of Domino’s Pizza.
Back in 2012 Best Buy Co then Chief Executive Brian Dunn resigned abruptly after a probe into his “personal conduct,” and a relationship with an employee.
Corie Barry, the US electronics chains recently appointed chief executive stood down after a mystery letter was sent to the Best Buy board.
Best Buy has retailed an external law firm Sidley Austin, to conduct a review after it received the anonymous letter that contained the allegations against her.
ChannelNews has been told that the letter detailed an affair with a married executive, but this cannot be substantiated.
The company declined to comment on the nature of the claims. The existence of the letter was first reported by the Wall Street Journal, which said that it alleged she had an inappropriate romantic relationship with a fellow executive.
“Best Buy takes allegations of misconduct very seriously,” the company said in a statement on Friday. “We encourage the letter’s author to come forward and be part of that confidential process. We will not comment further until the review is concluded.”
Ms Barry said in a statement: “The board has my full co-operation and support as it undertakes this review, and I look forward to its resolution in the near term.”
The investigation comes seven months after Ms Barry’s promotion from chief financial officer to chief executive.