Best Buy's founder and chairman, Richard Shulze, was caused to step down after an internal probe revealed he knew CEO Brian Dunn had a relationship with a 29 year old subordinate and failed to report it to the Board. Best Buy policy requires the Chairman to report the findings to the Board. Schulze founded the company, made Best Buy the company of the year in 2004, and is a former Entrepreneur of the Year, but none of this protected him when he failed to follow company policy. The outcome at Best Buy is a powerful example that corporate compliance applies to all employees and in this era, companies are more serious than ever about having an above the board image post-2008 meltdown.
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