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Circuit City Rewards Execs As Stock Tanks

Posted by kdawson on from the corporate-cranial-rectal-inversion dept.

jamie tipped us to Dean Baker's Beat the Press blog, where Baker comments on a followup to Circuit City's firing of all its highest-paid salespeople last March (Slashdot discussion here). Circuit City's stock has cratered in the meanwhile, and their response has been to offer $1 million retention bonuses to executive VPs. Baker points out that each one of these bonuses represents 35 years' salary for one of the fired salespeople.

2 of 354 comments (clear)

  1. Re:Your numbers are screwed and so is your logic by radish · · Score: 0, Flamebait

    IMHO sales people make no difference whatsoever in traditional big box stores. When I have to shop at somewhere like Best Buy or CC I go wherever the sales people are least likely to actually talk to me as I just want to pickup what I want and get out. I do the vast majority of my shopping at Amazon and Newegg, who don't have any sales people - but they do have a LOT of very good managers.

    I say fire all the sales people, stock the shelves and install self checkout machines. All you need is security.

    --

    ---- Den ene knappen er powerknapp, den andre er Bender voice knapp "Bite My Shiny Metal Ass"

  2. Re:Let's see here ... by MBraynard · · Score: 0, Flamebait
    You and the OP are retards (all my posts start with insults).

    If you do not like how the company is being run, SELL THE STOCK or DO NOT SHOP THERE and go buy real estate instead or a some manga or a hooker and loose your virginity, you nitwits.

    It's none of your damn business what a company decides to pay someone. Trying to manage other people's lives and money via government mandates isn't going to make you any less pathetic. Get that into your head.