Circuit City Rewards Execs As Stock Tanks

jamie tipped us to Dean Baker's Beat the Press blog, where Baker comments on a followup to Circuit City's firing of all its highest-paid salespeople last March (Slashdot discussion here). Circuit City's stock has cratered in the meanwhile, and their response has been to offer $1 million retention bonuses to executive VPs. Baker points out that each one of these bonuses represents 35 years' salary for one of the fired salespeople.

Excellent move!

[Anonymous Coward]

Just think how much they could save if they fired all the salespeople?

Sinking ship?

[cgenman]

And people wonder why they cannot rely upon employee loyalty these days. Personally, I'm investing all of my money in pitchforks and fire insurance.

Re:Management Must Stop the Bleeding

[happyemoticon]

I think that's the kind of common sense that MBA programs spend two years beating out of people.

Here's the problem

[ScrewMaster]

Circuit City Rewards Execs As Stock Tanks

Well, I'm not sure what a stock tank is (I presume it's where you keep your liquid stocks) but maybe if they'd tried rewarding their execs as people rather than as storage facilities, they might've had better luck.

Is Circuit City owned by Home Depot?

[Newer Guy]

Well, is it?

Re:Excellent move!

[Anonymous Coward]

>Yeah, laugh it up, faggot. How much you gonna laugh when I knife-rape your wife? Bitch.

Looks like someone's on Santa's naughty list this year...