Best Buy’s Dunn May Be Able to Get $3.35 Million Package
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Best Buy Co.’s former Chief Executive Officer Brian Dunn, who resigned last week amid a probe into his personal conduct, may be eligible for a severance package of as much as $3.35 million.
Dunn, 52, is entitled to as much as $1.15 million in stock options if his departure is determined to be voluntary, according to a proxy filing last year. He would get an additional $2.2 million in cash if his departure were deemed involuntary. If the board decided he was fired for cause, he could get nothing. The company said Dunn’s departure was part of a “mutual agreement” last week.