MrQ

2 Comments

    • Circuit City Needs a Management Overhaul [view article]
      My question is how is it possible the shareholders and board continue to tolerate Schoonover & his team at the helm of this sinking ship? The handwriting is on the wall---Circuit City WILL BE NON-EXISTENT if they fail to act NOW.

      For gosh sakes throw this drunken captain off the bridge before he takes it to the bottom of the ocean.       Jun 23 12:50 PM
    • Circuit City: Simply Appalling [view article]
      Mr. Kristie is right on, but his anger isn't hot enough for me. As a shareholder in this company (a small player), the board and CEO (does the company actually have one?) has to be the most anemic of any public company in many years.

      Having always liked Circuit City, I purchased shares hoping that, as Mr. Kristie points out, someone or several on the board would see the light and go into an emergency turnaround mode. No---they are asleep. Go into any Circuit City store and you can strongly sense the putred work atmosphere that Schoonover has wrought. These people obviously do not like working there, and the last thing they want to do is lift a finger for customers.

      Now to cap it off: I am in line two weeks ago at my local Circuit City store to purchase a low-end DVD player. What does the cashier do?? “May I have your phone number please?”

      CIRCUIT CITY WANTS MY PHONE NUMBER? (recall the Radio Shack fiasco over phone numbers).

      I provided a bogus number, like 222-1111, and the system would not accept it. I said, “Just skip it man! I got to get of here.” The system would not. The cashier had to call a supervisor over to the counter to provide a valid phone number. So again, I leave a Circuit City store disgusted.

      The only motive I can see for the leadership allowing the company to consume itself in flames is that they have given up, and instead of walking away, they are hoping to receive a golden parachute from some unsuspecting buyer (Blockbuster? LOL). Meanwhile I suppose I shall sell my shares at a loss and get out. Good Riddance Schoonover. I hope your parachute is big enough to last the rest of your life because YOU SIR will never be a CEO again after this debacle.
      May 03 02:42 PM
Loading...
Symbols:
Authors:
Quick Links:
Contribute an Article Become a Seeking Alpha Contributor

Transcripts

More Transcripts»

Trading Center