Struggling Circuit City losing spot on S&P 500: Henrico-based...

maybe they should change their name to short circiut. lol

LOL this is great it is coming to a end!

CCITY CULT wrote:

LOL this is great it is coming to a end!

Yep! Just wait 'til June when the board of directors hold their annual meeting. There'll be all kinds of good sh-t coming out of that!

Phil, former Best Buy executive, takes over as CC CEO a couple of years back. Introduces new Oracle Retail implementation. All in one go. Spends millions and millions of dollars in new technology. Fires 3500 front-line sales staff citing higher hourly wages and commision. All in one go. Front-end store knowledge base gone. All in one go. Customer support and consumer service take a beating. All in one go. Oracle Retail technological changes backfire. All in one go. Millions of dollars gone down the drain. All in one go. CC profits tumble steeply. All in one go. CC shares take a steep dive. All in one go. After all this circus, Phill hangs around. Doesn't wanna go! Making CC 'to-go'.

The way CC has gone down the toilet since Schoonover arrived makes me wonder if he is really still connected with BBY somehow and came to CC with intent to sink it. I doubt he could have done a better job of killing the company were that his intent on arrival.