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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:Let's see here ... by memojuez · · Score: 0, Offtopic

    One man's -1 Flamebait is another man's +5 Funny. Brilliant!

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    Signature applied for, Patent Pending
  2. Re:Your Sig. by ScrewMaster · · Score: 0, Offtopic

    No, I think he'd have just nodded and said to himself, "I was right again."

    When have you known George Bush or any of his cronies to ever honestly say "I don't know"? When have you known them to honestly say anything? Heinlein's observation is even more true today, given that we have a rising tide of people who cannot admit when they are wrong, and indeed do not want to know. Consequently, they are among our most ignorant, and go to extreme lengths to maintain that ignorance. Those are exactly the sort of people to whom Heinlein was referring.

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    The higher the technology, the sharper that two-edged sword.