Best Buy Board of Directors Investigating CEO Corie Barry Over Misconduct Allegations

The board of directors at Best Buy Co is currently investigating allegations that chief executive Corie Barry had what is considered an inappropriate relationship with a colleague who then left the company just before Barry accepted this leadership role.  According a statement from the company, released on Friday, the Richfield-based home electronics retailer hired an outside counsel, Sidley Austin LLP, to conduct the “ongoing” inquisition. 

In the statement, the company said, “Best Buy takes allegations of misconduct very seriously.”  That is somewhat par-for-course with investigations like these.  What is unique about this case, however, is that the action came after Best Buy’s board of directors received an anonymous letter signed, at the bottom “We are Best Buy,” purporting to represent “a group of employees.”

Of course, the letter was also dispersed to a handful of media outlets. 

Accordingly, the Best Buy statement continues, “We encourage the letter’s author to come forward and be part of that confidential process.” 

So far none of the “group of employees” have announced themselves.  As such, Best Buy has also said there will be no further comments until they have completed the investigation. 

In her statement, Barry confided, “The Board has my full cooperation and support as it undertakes this review, and I look forward to its resolution in the near term.”

The 44-year-old Barry stepped into this position after Hubert Joly vacated the chief executive seat in June.  This makes Barry only one of seven women to head up a Fortune 500 company.  She actually joined the company two decades ago, hired as a financial analyst.  After years of typical progression through finance and operational roles—which include a time as interim president of the Geek Squad—she eventually became the company’s chief financial officer in 2016.