The man who started Best Buy 46 years ago is the latest person to be taken down by a scandal involving the company's former CEO, and FOX 9 News spoke with the former chief compliance and ethics officer for British Petroleum about this latest blunder.
Richard Schulze resigned as Best Buy chairman after an investigation determined he knew about ex-CEO Brian Dunn's relationship with a female station but didn't reported.
Schulze apparently learned of Dunn's relationship in December 2011. Although he confronted Dunn about it, he should have informed the board.
In a statement, Schulze said he "confronted Dunn with the allegations (which he denied), told him his conduct was totally unacceptable and contrary to Best Buy's policies."
Schulze said he understands and accepts the findings of the audit committee.
New details about Dunn's relationship with the much-younger employee are also emerging through a report that says Dunn did not misuse company resources; however, the relationship was unprofessional and reflected poor judgment.