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Thursday, March 29, 2007

More on Circuit City
Posted by Jill | 6:52 AM
While 3400 Circuit City employees are going to be replaced by lower-cost workers, here's a fun fact about the company from the article:

Chief Executive Officer Philip Schoonover was paid $8.52 million in fiscal 2006, including a salary of $975,000.

Want to know to which party Circuit City donates? No surprise here, either. Circuit City Stores, Inc.'s Political Action Committee gave $22,500 to Republicans and $2500 to Democrats.

Perhaps knowing that its rival CompUSA was closing 126 locations gave Circuit City the courage to fire most of its so-called "overpaid" $10/hour employees. After all, there are going to be a bunch of booted CompUSA employees flooding the market soon, if they aren't unemployed already.


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