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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."

4 of 474 comments (clear)

  1. Another version by Dekortage · · Score: 5, Funny

    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?

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  2. His problem was by Anonymous Coward · · Score: 5, Funny

    that he needed to be Realistic and not an Optimus.

  3. Re:Check? by GoatMonkey2112 · · Score: 5, Funny

    That's pretty surprising considering that Radio Shack normally requires background screenings in order to buy some freakin batteries.

  4. Re:Making stuff yourself??? by Dunbal · · Score: 5, Funny

    Tinkering has become the pastime of penny pinchers and weirdos

          And terrorists! Let's not forget the terrorists...

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