Best Buy CEO Resigns

Best Buy CEO Brian Dunn resigned Tuesday after the company launched a probe into his “personal conduct.” According to a company statement, “Prior to the completion of the investigation, Mr. Dunn chose to resign.” Dunn started with the company as a sales clerk in the 1980s and became CEO in 2009. Best Buy shares rose slightly when the news of Dunn’s departure broke, but fell nearly 6 percent on the news of the probe. One equities analyst said, “It’s good news that he’s gone. But this adds another layer of uncertainty.”