Wednesday, May 28, 2008

More on Circuit City

After deciding that firing their best employees was the best way to return to profitability, it appears that their stock has dropped 79%, they've lost their CFO (good riddance), and may be facing an SEC investigation.

Note to investors; when the companies you own shares in decide that their best employees need to be fired, you would do well to suggest to the board of directors that they might do well to fire underperforming employees instead; say the executive staff.

Yes, you might not get very far telling the board of directors to fire their golf buddies, but you'll certainly get farther in good corporate governance than if you hadn't spoken up at all.

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