LOL "capitalism".
This kind of thing happens all the time. Sometimes it amazes me how our economy keeps going.
It might suck at times like this, but have you got a better idea?
Nardelli did the same at Home Crapot.
Not that socialism is any better. I support a Distributist, Solidaristic economic model — an economic system centered upon small businesses, private enterprise, and a market regulated by guilds — as a moral alternative to a system rigged in favor of pirates like the ones who wrecked Circuit City.
Go to the socialist FEMA or the DMV or the government schools to buy all your stuff instead of capitalist Wal-mart, the capitalist mall ,the capitalist internet etc. if you think capitalism sucks and government planning works so well then.
Sorry but capitalism works. I can buy anything i could ever need or want in the capitalist free market especially on the internet. By the way Google is a private capitalist company too as is Intel which makes you able to use your computer.
Any government planning just interferes with capitalism.
They need to create a “knowledge desk”. Let the ones whom know what they are after go and keep the “Knowledge Desk” for everybody else. Sheesh, does every company require this advice?
I've worked for stupid upper management before, and no it isn't pleasant, nor do they ever get what they deserve, but stupidity lets the little guy take on the big guys and win.
The absurd aspect of your post, that being that capitalism is evil and never gets what’s coming to it, is made the lie in the Circuit City is now beginning to fail as a company. They ARE getting what they deserve by losing their company!!
It is time for a new kind of "labor movement," for employee co-ownership.
Yea, they raised “capital” by selling stock. More often than not, the sheep that have this stuff socked away in their retirement portfolios consistently file the proxies, where they’d get to “Vote” on things like executive pay and bonus packages, or at the very least veto some pet project of the executives, in the circular file or let their brokerage do the voting.
I gave notice after 16 years on one job, when I found a much better paying job. the boss asked why I wanted to leave. I told him I didn’t, but felt I deserved better pay. He said, “Why didn’t you say something”? Give me a break, I know how much my efforts were worth to the company, he must have noticed. I told him I had promised to be on the new job in two weeks, sorry, I don’t break promises.
Two years later the business closed. He had a string of employees robbing him blind, chasing off customers and losing sales. If he thought I would beg when I got hungry, he thought wrong.
Yeah, he was Mr. Super Liberal Democrat too! Maybe I was supposed to ask Bill Clinton for money!
Some of my old customers still call me, after 13 years, for help with their problems, I took good care of them. They don’t call him!
If you do not own stock or work for the company why should you care?
Should we care about all details of the affairs of others?