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RadioShack CEO Resigns
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."
According to CNN's article on this topic, Edmundson "originally said he had received a Bachelor of Science degree, but now says he believes -- but cannot document -- that he received a ThG diploma, awarded for completing a three-year degree in theology."
Call it academic theology: "I believe that I got the degree, but cannot document it." Intelligent design, anyone?
$nice = $webHosting + $domainNames + $sslCerts
Don't they even bother to check people out?
They did ask for his mailing address...
that he needed to be Realistic and not an Optimus.
they doubted Edmondson's ability to pull it off after it became clear he had lied about his education
What was the problem?
Was he hiding the fact that he had an MBA or something?
Blearf. Blearf, I say.
new leadership was needed so the company's turnaround plan would have the best possible chance to succeed
Sounds like a Realistic(tm) plan to me.
Anybody want a peanut?
That's pretty surprising considering that Radio Shack normally requires background screenings in order to buy some freakin batteries.
My father once ran in quickly to do just that, and they start asking him for name, addy, digits, everything - he stared at the clerk for a couple seconds and then repeated "just these batteries" and blinked until the guy rung him up and took his 5$.
the previous president of Poland (two cadencies, 8 years in total - 1998-2006) lied about his education. Media went berserk about it after the first election, and yet(!) he managed to get elected for the second time.
I live in Poland, so I know for sure.
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#\ @ ? Colonize Mars
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you know, just the other day I was browsing Linux Today and somehow i found myself reading the ever useful "get the facts" ad (right-hand corner). one of success stories was "RadioShack Saves Millions of Dollars by Choosing Windows Over Linux". and now there's a 62% drop in fourth quarter net income. yet another company "helped" by microsoft, methinks... :-D
I usually find its faster to give them the old "10 Nowhere Drive, 90210, 555-1212" routine. If they start to clue in they just stop asking. If they don't then who cares.
Tinkering has become the pastime of penny pinchers and weirdos
And terrorists! Let's not forget the terrorists...
Seven puppies were harmed during the making of this post.
Radio Shack had questions - he clearly did not have answers.
Remember, kids, only commies make stuff themselves, a good consumer buys it!
I didn't know MacGyver was a commie...
This guy's the limit!
It all started when they took out the vacuum tube testing machines from the stores...
I usually respond to questions about my address, phone, etc by looking the (usually) male clerk in the eyes, putting my hand on top of his, and repsonding, "I'm flattered, but you really aren't my type...."
Since I'm a big husky guy, they usually stammmer and just give me my batteries.
I have to agree. When I was a kid Radio Shack gave me a real head start in electrical engineering principles like series and parallel resistance calculations: By never having the actual values that I needed in stock, I had to learn to mentally rig together an equivalent value with whatever scraps I could actually find on their shelves. And with their markup of $1.79 for a pair of 1/2-cent resistors, there was a real financial incentive to find the most efficient solution. Radio Shack shopping was a valuable part of my technical education.
who'd have thunk it?
There are places where the networks are not touching,and there are places where they are-Boeing's Lori Gunter
It is *far* easier to teach an engineer business than it is to teach a business person engineering. I'd rather try to teach my dog diff eq.
True. If I want a half-baked homebrew project these days, I don't solder it together out of parts, I write it in perl.
Intron: the portion of DNA which expresses nothing useful.
I saw that film. Quite disgusting.
"Who are in control, they are not in control of anything - they don't even control themselves!" - Glen Beck