Whoever takes over as the next CEO of Best Buy will have his or her work cut out for them. The current company leader is board member G. “Mike” Mikan, who has served as interim CEO since Brian Dunn resigned in April, amid a probe that Dunn allegedly had an improper relationship with a female employee. The scandal, and the surprising revelation that Dunn received a $4 million severance package after voluntarily leaving the company, occurred at a time when Best Buy has been struggling, to put it mildly. The retailer has been laying off thousands of workers and closing dozens of stores—all in an attempt to figure out how to compete in an electronics scene increasingly dominated by Amazon and Walmart.
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- ?, Best Buy