Science > Abortion > Prominent GOP Donor Caught Lying on Resume, Resigns from Company
| Topic: |
Science > Abortion |
| User: |
"Yang, AthD h.c, Kicking AWOLs Cocaine Snorting Ass" |
| Date: |
21 Feb 2006 05:45:04 AM |
| Object: |
Prominent GOP Donor Caught Lying on Resume, Resigns from Company |
Maybe if you spend more time running your company instead of fucking
around. Here's a clue. having to shut down half your stores is not a
good signs of success.
http://sfgate.com/cgi-bin/article.cgi?file=/news/archive/2006/02/20/financial/f125846S39.DTL
RadioShack CEO Quits Amid Resume Questions
(02-20) 20:19 PST DALLAS, (AP) --
RadioShack Corp.'s embattled president and CEO, David Edmondson,
resigned Monday following questions about his resume's accuracy.
The Fort Worth electronics retailer said that its board accepted his
resignation and has promoted Claire Babrowski — executive vice
president and chief operating officer — to acting CEO.
Leonard Roberts, RadioShack's chairman and Edmondson's predecessor as
CEO, said the move was necessary to restore the company's credibility.
"One of the most important things we have as a corporation is
integrity and trust and we know we have to restore that back to the
public," he said.
Edmondson issued a brief statement Monday but did not discuss his
resume.
"For the last 11 years, it has been my privilege to be associated with
RadioShack," he said. "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's troubles began last Tuesday when errors in his resume were
reported by the Fort Worth Star-Telegram. The company's board said it
stood behind its CEO, a decision Roberts said he now regrets.
On Wednesday, Edmondson said he took responsibility for the errors.
Separately, RadioShack said it would hire outside lawyers to
investigate errors in Edmondson's resume, including claims that he
earned two college degrees for which the school he attended has no
records.
That investigation won't continue since Edmondson quit, the company
said. Edmondson, 46, joined RadioShack in 1994 and had been CEO since
May.
Edmondson had claimed that he received degrees in theology and
psychology from Pacific Coast Baptist College in California, which
moved in 1998 to Oklahoma and renamed itself Heartland Baptist Bible
College.
The school's registrar told the Star-Telegram that records showed
Edmondson completed only two semesters and that the school never
offered degrees in psychology. The school official declined to comment
to The Associated Press.
Edmondson said last Wednesday he believes that he received a theology
diploma called a ThG, but not the four-year bachelor of science degree
listed on his resume. He could not document the ThG diploma.
Roberts said company background checks did not include academic
verification in 1994 as it does today.
Roberts said Edmondson's severance package will be less than $1
million in a cash payout, but said more details will be released
Tuesday in a regulatory filing.
The move did not surprise Stacey Widlitz, analyst for Fulcrum Global
Partners LLC, though she didn't think the change would come on a
public holiday, as it did, when financial markets were closed.
"If you think about his tenure, it's not as if he's led a turnaround
of this company," she said. "That being said, it would be difficult
for the board, considering the things that have come out, to find a
reason to keep him."
The company has since removed biographical sketches of its executives,
including Babrowski, and replaced it with the following statement: "We
are currently updating and validating all of the biographical
information for each of our senior executives."
For now, it will be Babrowski's job to lead a turnaround that begins
with closing 400 to 700 stores and two distribution centers as part of
a campaign to fix its financial performance.
This plan was announced on Friday, when the company also disclosed
that its fourth-quarter earnings fell 62 percent. Its shares tumbled 8
percent, after sinking at midday to a three-year low of $19.08.
Roberts said Babrowski is also a candidate to become the permanent
CEO; RadioShack has hired executive search firmer Spencer Stuart to
conduct a nationwide search.
Widlitz said Babrowski, a former McDonald's Corp. executive hired last
summer, would fit well as CEO, even if it's temporary.
"She's the right candidate," Widlitz said. "I like her approach at how
she looks at the business. She walks into a store and wants to see it
through the consumer's eyes."
-----
Yang
a.a. #28
AthD (h.c.) conferred by the regents of the LCL
a.a. pastor #-273.15, the most frigid church of Celcius nee Kelvin
EAC Econometric Forecast and Sorcery Division
Proudly plonked by Lani Girl and Crazyalec (aka aka Yang's little poltregeist *****)
The Bush 'balanced' budget: 2 trillion and worsening
The Bush 'economic' policy: 12.5 million FEWER jobs than Clinton and counting
The Bush Iraq lie: -2275 GIs, one friend's co-worker's son and mounting
Having Bush ***** up my country: Worthless
-----
"Ahhhhhh, yessssssss, ummmmmmm - Alito, Alito, Alito"
-duke (duckgumbo@cox.net), aka PedophilEarl J Weber, 59
year old mateless, heirless biological failure
of Afton Oaks Apartment, Baton Rouge,who pussied
out of the Vietnam draft, showing his gay side
despite his avowed anti-gay bigotry
Contact duke's priest and ask
him why duke is such a racist:
http://www.stpatrickbr.org/
Father Gerard "Jerry" Martin
stpatrickbr<AT>bellsouth<DOT>net
Saint Patrick Catholic Church
12424 Brogdon Lane
Baton Rouge, Louisiana 70816
.
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