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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.

6 of 354 comments (clear)

  1. Excellent move! by Anonymous Coward · · Score: 4, Funny

    Just think how much they could save if they fired all the salespeople?

    1. Re:Excellent move! by Anonymous Coward · · Score: 1, Funny

      >Yeah, laugh it up, faggot. How much you gonna laugh when I knife-rape your wife? Bitch.

      Looks like someone's on Santa's naughty list this year...

  2. Sinking ship? by cgenman · · Score: 4, Funny

    And people wonder why they cannot rely upon employee loyalty these days. Personally, I'm investing all of my money in pitchforks and fire insurance.

    --
    The ______ Agenda
  3. Re:Management Must Stop the Bleeding by happyemoticon · · Score: 2, Funny

    I think that's the kind of common sense that MBA programs spend two years beating out of people.

  4. Here's the problem by ScrewMaster · · Score: 2, Funny

    Circuit City Rewards Execs As Stock Tanks

    Well, I'm not sure what a stock tank is (I presume it's where you keep your liquid stocks) but maybe if they'd tried rewarding their execs as people rather than as storage facilities, they might've had better luck.

    --
    The higher the technology, the sharper that two-edged sword.
  5. Is Circuit City owned by Home Depot? by Newer+Guy · · Score: 3, Funny

    Well, is it?