Another cog in the wheel known as the Vast Right Wing Conspiracy to combat the Extreme Left-Wing Media.

Friday, February 17, 2006

Resume padding and why I'm glad I don't own shares of Radio Shack

Did Mike Brown of FEMA infamy help write the resume of Radio Shack's CEO, David Edmondson?
Mr Edmondson, 46, took over last year as CEO of the third-largest US electronics retailer. He issued a statement on Wednesday night saying he had not received a Batchelor of Science degree from Pacific Coast Baptist Bible College, as stated when he joined the company in 1994.
If lying about his education wasn't sufficient to get him fired how about the fact that he is a slow learner?
Separately, Mr Edmondson is also facing a charge of drunk driving, his third in 17 years.
To sum up what is wrong with corporate governance, when he is pushed out the door he will likely be given millions of dollars in severance pay. He will be great rewarded for his performance which drove the company's stock value down more than 30% since he took over.

2 Comments:

Blogger BizzyBlog said...

This is absolutely disgraceful. The better question is why he doesn't get prosecuted. I would think the Board would need to do so as a self-defense mechanism against a shareholder suit for hiring the guy and maybe not doing the due diligence.

10:30 AM

 
Anonymous Anonymous said...

See what the "local folks" are saying about Radio Shack.

http://pod01.prospero.com/n/pfx/forum.aspx?msg=72&nav=messages&webtag=kr-fortworthtm

1:44 PM

 

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