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Tag: investigation

Best Buy board backs CEO Barry after investigation into alleged relationship

Corie Barry, chief executive officer of Best Buy Co., in Washington, D.C., Oct. 23, 2019. Sarah Silbiger | Bloomberg | Getty Images Best Buy on Tuesday backed CEO Corie Barry after the retailer’s board investigated the chief executive over allegations of an inappropriate romantic relationship. “The Board takes allegations of misconduct seriously regardless of who is …

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Nike to launch ‘immediate investigation’ on Oregon Project track team

Alberto Salazar Phil Noble | REUTERS Nike says it’s taking allegations about body-shaming at the Oregon Project “seriously” and that it will launch an “immediate” investigation to hear from runners on the now-shuttered team. “These allegations are completely inconsistent with our values,” a spokesperson told CNBC in an emailed statement. In an op-ed published Thursday in …

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Under Armour faces federal investigation over accounting practices

Kevin Plank, founder and CEO of Under Armour sportswear, in his office in Baltimore, Maryland on October 1, 2009. Bill O’Leary | The Washington Post | Getty Images Under Armour is the subject of federal investigations by the Justice Department and Securities and Exchange Commission over its accounting practices, the company confirmed Sunday.  Under Armour began …

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