Report: Best Buy Explores Ex-CEO’s Relationship

MINNEAPOLIS (AP) - Best Buy's board is reportedly investigating whether its former CEO, Brian Dunn, misused company funds while he was involved in an alleged relationship with a 29-year-old female employee.

The Wall Street Journal attributed its report to people familiar with the matter who requested to remain anonymous.

Dunn resigned abruptly Monday. Best Buy, the nation's largest consumer electronics chain, said it had launched an investigation into Dunn's "personal conduct" that was unrelated to the company's "operations or financial controls."

The company made the announcement on Tuesday but provided no details. Dunn was a 28-year company veteran who had been head of Best Buy since 2009.

Ron Hutcheson, a spokesman for Best Buy's board, declined to comment on the Journal's report.

(Copyright 2012 By The Associated Press.  All Rights Reserved)