RadioShack: You've got questions, we've got fake Resumes....

[Analog]

RadioShack CEO quits in resume scandal
Last Updated Mon, 20 Feb 2006 17:35:26 EST
CBC News

RadioShack Corp.'s embattled president and CEO, David Edmondson, has resigned five days after admitting that he "misstated" his academic record.

The electronics chain ? which is based in Fort Worth, Texas ? said in a statement Monday that the board had accepted Edmondson's resignation. He will be replaced temporarily by Claire Babrowski, currently executive vice-president and chief operating officer.

"At this time the board and I have agreed that it is in the best interest of the company for new leadership to step forward so that our turnaround plan has the best possible chance to succeed, as I know it will," Edmondson said in a media release Monday afternoon.

* FROM FEB. 16, 2006: RadioShack CEO apologizes for resume errors

The story became a major issue last week after the RadioShack board announced that it was hiring outside lawyers to investigate claims that its CEO had reported two college degrees for which his school had no records.

Edmondson, 46, had claimed degrees in theology and psychology from Pacific Coast Baptist College in California, which moved in 1998 to Oklahoma, where it was renamed Heartland Baptist Bible College.

The school's registrar told the Fort Worth Star-Telegram that records showed Edmondson completed only two semesters, and that the school never offered degrees in psychology.

Edmondson joined RadioShack 1994 and became eventually chief executive officer last May.

Edmondson said he took responsibility for any errors in his resumé , and that he believed he earned one of the degrees but could not document it.

"The contents of my resumé and the company's website were clearly incorrect," Edmondson said in a statement Wednesday. "I clearly misstated my academic record, and the responsibility for these misstatements is mine alone."

"I apologize to the board and the employees for the confusion I have created by carrying erroneous information on my resumé and mishandling my explanation of it," Edmondson said. "I will provide all information to the board in order to clarify these issues."

The controversy over Edmondson's resumé came at a difficult time for the company.

It announced a 62-per-cent drop in its fourth-quarter earnings on Friday. It also announced plans to close between 400 and 700 stores and two distribution centres as part of a campaign to fix its financial performance.

http://www.cbc.ca/story/business/national/2006/02/20/shack-060220.html

 

[JDrake]

Ooooo that's a no-no.

 

[Sphexi]

When I heard about this I giggled nonstop for almost 5 minutes. When Len Roberts left the company last year and put Dave in charge, everybody in the company started slowly updating their resumes. Hell, they haven't had decent leadership for years in that company. Then we heard rumors that we'd be losing Verizon's contract which accounted for almost 3/4 of our paychecks at the time. I got out as soon as I could, and the few people who are still there from when I was there wish they had too. I got a much better job, they're still making close to minimum wage.

 

[SarcasticDwarf]

Originally posted by: Sphexi
When I heard about this I giggled nonstop for almost 5 minutes. When Len Roberts left the company last year and put Dave in charge, everybody in the company started slowly updating their resumes. Hell, they haven't had decent leadership for years in that company. Then we heard rumors that we'd be losing Verizon's contract which accounted for almost 3/4 of our paychecks at the time. I got out as soon as I could, and the few people who are still there from when I was there wish they had too. I got a much better job, they're still making close to minimum wage.

I wondered what was going to be happening with the company when I saw that they were no longer going to be doing Verizon. The times I go there (actually where I bought my Verizon plan), about 1/2 of the customers were there for phones. The stores are simply too small to sell anything other than a couple of each item (what, the average store has maybe two computer systems for sale)?

 

[Kyle]

Originally posted by: Sphexi
When I heard about this I giggled nonstop for almost 5 minutes. When Len Roberts left the company last year and put Dave in charge, everybody in the company started slowly updating their resumes. Hell, they haven't had decent leadership for years in that company. Then we heard rumors that we'd be losing Verizon's contract which accounted for almost 3/4 of our paychecks at the time. I got out as soon as I could, and the few people who are still there from when I was there wish they had too. I got a much better job, they're still making close to minimum wage.

I quit about a year ago- Verizon WAS my paycheck...I never sold any sprint phones. I'm glad I got out when I did. I hate that company.

 

[mugs]

hahahaha!

 

[mugs]

The best part is that he lied about degrees from a religious college!

 

[Rock Hydra]

I can't wait to see Radio Shack go the way of other closed down giants.

 

[jadinolf]

The board is a bunch of dummies to say nothing about the other folks who are supposed to select the CEO.

 

[tfinch2]

I see a ton of Rat Shack stores, and they are always empty. I wonder how they stay in business sometimes...

 

[mugs]

Originally posted by: Rock Hydra
I can't wait to see Radio Shack go the way of other closed down giants.

Why would it make you happy to see an American company go out of business?

 

[Sphexi]

Originally posted by: Kyle

Originally posted by: Sphexi
When I heard about this I giggled nonstop for almost 5 minutes. When Len Roberts left the company last year and put Dave in charge, everybody in the company started slowly updating their resumes. Hell, they haven't had decent leadership for years in that company. Then we heard rumors that we'd be losing Verizon's contract which accounted for almost 3/4 of our paychecks at the time. I got out as soon as I could, and the few people who are still there from when I was there wish they had too. I got a much better job, they're still making close to minimum wage.

I quit about a year ago- Verizon WAS my paycheck...I never sold any sprint phones. I'm glad I got out when I did. I hate that company.

Same here. In the Northeast there's basically only Verizon, and then local regional carriers. We sold 120 Vzn phones a month, only 5 to 10 Sprint phones. I guess they sell Cingular now, but it's not nearly as popular, and the coverage is simply horrible, so a few stores have basically lost 1/3 or more of their sales.