RadioShack CEO Resigns

Posted by ryuzaki0 on Tuesday February 21, 2006 @12:34AM 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."

3 of 474 comments (clear)

Min score:

Reason:

Sort:

HAHA!!!!! by albieomoss · 2006-02-21 01:32 · Score: 0, Offtopic

This is hilarious to me because I know David Edmunson's son Josh. He resigned because he got caught cheating on his wife with an employee and his wife is pissed about it. I'm sure it will come out eventually. It might have something to do with him lying about his education but that is not what started the ball rolling.

--
DankLogic - There is a system to everything.
Re:Educaton is not always that important. by Anonymous Coward · 2006-02-21 01:40 · Score: 0, Offtopic

When you are "staring" out, you kneed too lern howe too spel rite.
Re:Check? by dickens · 2006-02-21 02:12 · Score: 1, Offtopic

When they ask "Can I have your home phone number?" I simply reply "No". They will find a way to take your money.