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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.
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.
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
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.
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.
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.