dfordtheman

Circuit City: Outlook Is Grimmer Than Ever

As an ex-employee (just released last month because of job preformance issues....right.. been doing consumer electronics for almost 25 years), I can tell you the problem with CC is what everyone is stating- the BODs. I had the pleasure (?) of going to Richmond for a Forum of 10 associates chosen nationwide because of our abilities and our contribution on making the company better. While there, I met some very dedicated corporate and associate personnel who do care what happens and we exchanged some outstanding ideas on turning CC around. But there was a large glass door going into another section of the building that we were not allowed into because that's where the CEO and his board offices were. To top it off, they were all off on business trips and couldn't meet with us during the Forum. I really enjoyed working for CC and hope the best for them, simply for the good people who are trying. But there definitely needs to be some BIG changes starting at the top. When I started work at CC shares were around $ 17, today it's currently at $ 1.75. I know of very few companies that would tolerate this much of a loss without some kind of big change occurring in leadership.