Brian J. Dunn

Best Buy continued its management upheaval Thursday as its founder, Richard Schulze, said he would leave the board earlier than expected.Schulze, who started the company more than 40 years ago, also said he was looking at ways to sell his 20.1 percent stake in the retailer, worth about $1.3 billion.It is the latest personnel retreat for the retailer stemming from the abrupt resignation of the former chief executive, Brian J. Dunn, in April. Last month, the board reported that Dunn had had an inappropriate relationship with a female employee. An internal investigation revealed that Schulze had known about the

Best Buy has set a goal of doubling its $2 billion in annual online revenues within the next three to five years as it reduces its total brick-and-mortar store square footage by 10% Best Buy executives say these decisions, announced at its recent 2011 Investor and Analyst Day, are based on overall traffic growth, driven primarily by the company's Web properties. Best Buy said it will increase online revenue by expanding its online-only assortment. Dunn also said the company plans to reduce store sizes by 20,000 to 45,000 square feet, resulting in expected annual savings of $70 million to