Best Buy Founder Returns as Chairman Emeritus

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Best Buy said its founder Richard Schulze is coming back to the company as chairman emeritus.

Schulze has also nominated two members to the board, as earlier agreed.

Schulze, who founded Best Buy in 1966, was forced out as Best Buy chairman in June after an internal probe found he had not informed the board of allegations that former Chief Executive Brian Dunn was having an inappropriate relationship with a female employee.