I remember reading something in the spring about Circuit City firing anyone making 51 cents or more above an arbitrary maximum average. Because we all know how generic sales people are, I’d much rather have the “I don’t know what that is” high school kid helping me than the guy who’s been doing it for 10 years.
The good news is that the verdict is in and it’s a hard indictment of corporate idiocy. Circuit City’s stock price is down from almost $20 in March to just above $5 now. Of course this should mean a multi-million dollar bonus for the CEO shouldn’t it?
Now I believe it’s the responsibility of the free market to continue tearing Circuit City a new one, and if we’re all lucky they’ll be under new management and/or bankrupt by next Christmas.