Best Buy Co., Inc. announced after an independent review of misconduct allegations against CEO Corie Barry, that no action would be taken:
The Board takes allegations of misconduct seriously regardless of who is the subject. When the Board received an anonymous letter regarding Corie Barry, the Audit Committee immediately retained outside legal counsel, Sidley Austin LLP, to conduct an independent review. Ms. Barry fully cooperated with the review, which has now concluded. The Board supports the continued leadership of the Company by Ms. Barry.
The board had received an anonymous letter claiming Barry long-term relationship with a former Best Buy executive before she became CEO in June 2019, according to CNBC. The allegations were Barry had an affair with Karl Sanft, who was most recently senior vice president of U.S. retail operations for Best Buy before leaving in March, 2019, to become COO of 24 Hour Fitness, San Ramon, Calif., according to the Minnesota Star Tribune. Sanft denied the allegations.