The CEO of RadioShack is in about as deep as you can get. He has been CEO for less than a year and on Friday he had to report a massive loss for the group and a huge reorganisation plan that could see them close as many as 700 outlets.
Given how hot the consumer electronics market is right now and how well peers such as Best Buy are doing - this is no mean feat of, well, savoir non faire.
But if this weren't enough (and it really should be) their CEO, Edmondson, admitted that he "clearly" misstated his academic record and that his resume was wrong. While he originally said he received a Bachelor of Science degree, he now says he believes he received a ThG diploma, awarded for completing a three-year degree in theology, but adds that he cannot document that.
Does he have any degree at all? Why can't the college he went to pull out their records? Edmondson now says his fate lies in the hands of the board. Der, yeah! As yet they have done nothing. I just wonder whether any other employee would be still there after the performance and resume faut pas'.
But, then, just to prove that most businesses are as much fun as an episode of Friends, we now discover that Edmondson is about to go to court for a drunk driving offence - and it's his third in 17 odd years. WHAT!
And the board is still wondering what to do? Maybe they should all go. Or at least they should make even more losses by using cabs in the future. Sorry shareholders.
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