Report: Best Buy explores ex-CEO's relationship

FILE - In this May 20, 2010, file photo, Best Buy CEO Brian Dunn speaks at a Google conference in San Francisco. Best Buy Co. Dunn has resigned from the electronics retailer. Best Buy said Tuesday, April 10, 2012, that it was a mutual decision, and that there were no disagreements with Dunn on any matter relating to operations, financial controls, policies or procedures. (AP Photo/Paul Sakuma, File)

April 12, 2012 4:59:42 PM PDT
Best Buy Co.'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.