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Latest | Highest ratedRadioshack CEO Julian Day Is Getting it Done! [View article]
for the last few years that i was there, the company match for my 401k was a whopping 30%. yippie. they had a decent stock purchase plan and rewarded tenured employees and managers for years... and when they realized they needed to do something about their horrid profit-sharing, they boosted the company match to 100% for the 401k by getting rid of the stock purchase plan. the company giveth, and the company taketh away.
i interviewed just before the '06 vegas manager meeting, and quit just after. (thanks for the trip, radio shack, i will give you credit for a fun time) the company i've been at for the past year and a half guarantees a 200% match for profit-sharing, and has hit 297% matching or greater for 4 years.
i will say this...i do want to see radio shack's stock back in the 30s or higher. you see, that profit-sharing, employee stock plan and managerial stock options that i accumulated over the years aren't doing much good with the price in the teens. i was there long enough to remember a stock price of 78 dollars (1999) and currently radio shack's stock is hindering my retirement portfolio even as my mutual funds climb.
step up your game, radio shack. the other fortune 500 companies are, by and large, leaving you in the dust.