Best Buy CEO Brian Dunn Resigns After $1.7 Billion Loss

An anonymous reader writes "Best Buy CEO Brian Dunn has resigned amid the big-box retailer's major financial problems. The announcement comes two weeks after Best Buy announced a $1.7 billion loss for its fiscal fourth quarter. Best Buy is trying to avoid the same fate as Circuit City, which went out of business in 2009, but the future looks grim." The article provides a reason not to trust middle-management: the company claims it had "no disagreements with Dunn about operations, financial controls, policies or procedures." Best Buy may not be Shangri La, but in many rural and semi-rural parts of the U.S., it's the nearest and best place to actually find a wide selection of electronics.

Comments

Re:Best Buy lies to consumers

[Derek Pomery]

I can personally attest that the quality of HDMI cables *does* impact your ability to get a signal at all though.
If the connection is bad, the picture will freeze, and the screen will go blank.
I have a crappy HDMI cable that I got for cheap that I used to use w/ my android tablet. With that cable, if I didn't kind of coil part of it just right, next to the TV, the signal would cut out periodically. Full extended, it was almost useless, failing almost all the time.

Replaced it with a more expensive HDMI cable, and haven't had any problems since.