"The company said it also wanted to honor Dunn's 25-year plus career at the retailer" I would think the salary and stock options paid to the former CEO over the past 25 years. would have honored him. If a person that has been working on the best buy floor; or most other folks that voluntarily leave a job after 25 years get a going away party and a nice card; not a $4 million dollar check.

This is simply a case of a weak (in many ways) CEO. BBY's board was asleep at the switch for a long time, and finally woke up. The payment is fairly standard "we screwed up by keeping you in the job, now please go away money" I wish the company well, but they will need a transformative leader to succeed.

CEO compensation (and top management compensation in general) is a joke. This one does a lousy job and still makes off with a sack of gold. Mikan has no retail experience (am I the only one who finds it amusing that these companies require similar experience when hiring for low-level positions, but apparently retail experience isn't necessary for a national retailer), but gets good marks because he shows CEO demeanor or some nonsense in an analysts' meeting. Oh, that's right; he's getting millions for his strategic vision. Frankly, 100 people who read this article this morning can come up with an equally valid strategic vision for BB. It's all just robbing the cookie jar.

What kind of a message is being sent to others about to embark on a career in big business whether it be in the profit or non-profit sector? Here is Best Buy's CEO doing the wrong thing who walked away with a very generous golden parachute and laughing all the way to the bank. How about Fairview's CEO who acted irresponsiblly and is taking that same walk! Why is rewarding poor and unethical behavior an option for these so-called experienced and educated individuals? Something is seriously wrong with our society!!

Another point that should be made is as a result of inappropriate behavior by our so-called leaders results in low employee morale and layoffs, resource shortages within, and salary freezes suffered by the "underlings" of a company/organization.

It's only 1 year salary for, say, 80 employees making 50k. No big deal, I just hope Dunn can get by. Maybe he can do appearances as Captain Kangaroo for some extra cash?

Interesting how Dunn takes the heat for poor financial performance when the board is/was as responsible for company strategy. Now, one of the members of this same board takes the reigns, throws in some cheerleading, and everyone applauds.  In other news, Thomas Lee sure knows how to beat a dead horse with a stick. Redundant is the name of the game.

Based on the GOP's trickle down economics rationale, this guy's golden parachute should have been much more than the paltry 4 million. We need him to keep the BB Magnolia stores rolling...

It took " Experts " to figure this out????? God help us. Big business , government and higher education are robbing us blind.

Considering how terrible he managed Best Buy, why should Best Buy care if he goes to a competitor? In fact, one would think they'd hope he'd go to a competitor.