It is odd that yesterday I decided to follow up a prediction from last year on Best Buy and then today there is an article that Mr. Dunn is resigning as Best Buy’s CEO. Here is quote that Mr. Dunn provided:
“I have enjoyed every one of my 28 years with this company, and I leave it today in position for a strong future,” said Dunn, who was named CEO in June 2009.
He leaves it today in a position for a strong future? What a spin job. He leaves it today on life support, fighting for it’s existence and relevance within the market place. The interim CEO should be stepping up and and stating what he will be doing to correct the course that this company has been on.