Lessons to Learn From These 5 CEO Blunders

By siliconindia | Wednesday, 09 January 2013, 13:17 Hrs

3. Brian Dunn, former CEO, Best Buy

It is always suggested by doctors to keep one’s personal and professional life separate. Though the suggestion is mainly to maintain healthy relation ships and have quality family time, but at times even personal affairs of executives seem to become a pain for the companies.

Chief Executive Brian Dunn resigned unexpectedly in the midst of what the company depicts as a check out into his "personal behavior," adding together to the woes of the hunching consumer-electronics retailer, whose big-box business model is shattering.

Best Buy shares mounted after the declaration, but then slipped into negative province and closed down 5.9 percent, at $21.32. They have mislaid more than 55 percent of their value in the precedent five years. The company misery further prolongs as their stiff competitor Amazon.com weakened big-box retailers' rates and converted them into nothing more than mere showrooms.