[tubemonkey]

Best Buy CEO Abruptly Resigns

Best Buy Co. CEO Brian Dunn abruptly resigned on Tuesday after the nation's largest consumer electronics retailer said it decided to conduct an investigation into his "personal conduct."

The departure compounds the problems at the retailer, which has been widely criticized for not responding fast enough to growing competition from Amazon.com and other online rivals and the changing shopping habits of Americans.

"Certain issues were brought to the board's attention regarding Dunn's personal conduct, unrelated to the company's operations or financial controls, and an audit committee investigation was initiated," according to a company statement issued late Tuesday. "Prior to the completion of the investigation, Mr. Dunn chose to resign."