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Best Buy’s Brian Dunn Cited Worst CEO in 2012

20 Dec, 2012 By: Erik Gruenwedel


Brian Dunn


Best Buy Co.’s former chief executive Brian Dunn was named the worst CEO in 2012, according to Sydney Finkelstein, business professor at Dartmouth College’s Tuck School, who has been compiling an annual list of wayward executives for the past three years.

As reported by Bloomberg.com, Dunn, who resigned as CEO in April after allegations surfaced he had an inappropriate relationship with a much younger subordinate, topped the list not because of personal indiscretion. Instead, declining stock price, plummeting same-store sales, loss of market share to tech-savvy competitors and an addiction to share buybacks that cost the company $6.4 billion undermined Dunn’s leadership.
 


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