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RadioShack CEO Resigns

Posted by ryuzaki0 on from the down-with-the-ship dept.

xzvf writes to tell us Forbes is reporting that RadioShack CEO David J. Edmondson has resigned. Reeling from a 62% drop in fourth quarter net income the company has announced a sweeping restructuring plan. From the article: "Edmondson said in a separate statement Monday that new leadership was needed so the company's turnaround plan would have the best possible chance to succeed. The revamp announced Friday prompted mixed responses from analysts, who indicated the plan might be successful but, at that time, they doubted Edmondson's ability to pull it off after it became clear he had lied about his education."

2 of 474 comments (clear)

  1. Must... Resist... Temptation. by camusflage · · Score: 0, Flamebait

    Ya know, if you had any wonder that a half-wit can't be elected, found out to be a fraud, and then re-elected, just look at the current regime in the US. NUKE-yuh-luhr?

    --
    The truth about Scientology, Xenu, and you: Operation Clambake
  2. Radioshack Sucks. by hobot · · Score: 0, Flamebait

    I worked for Radio Shack for about 2 months, and it is no suprise to me that it is losing market share and closing a lot of stores, I am mildly educated when it comes to electronics, so I expected to come in and recieve if not a large amount of training, useful hints and such from the staff.

    What I got was 5 flash based tutorials on how to sell cell phones and sirius radio systems, suffice to say I quit asap, I dont like feeling the fool when a man comes in asking for something and my company has not given me any training on how to do my job.