RadioShack CEO resigns in resume flap

[CheapyD]

Electronics retailer RadioShack Corp. said Monday that its president and chief executive, David Edmondson, has resigned in the midst of an investigation into credentials listed on his resume. Edmondson, who became RadioShack's CEO last May after being groomed for the spot, admitted last week that he had "clearly" misstated his academic record on his resume and on the company's Web site.
http://money.cnn.com/2006/02/20/news/companies/radioshack.reut/index.htm

[Darkside Hazuki]

Edmondson originally said he had received a Bachelor of Science degree, but now says he believes -- but cannot document -- that he received a ThG diploma, awarded for completing a three-year degree in theology.

You don't remember?! Good one...:dunce:

[Puffa469]

3 year degree in Theology??? No wonder Radio Shack is closing like 9000 stores...

[javeryh]

Doesn't everyone know not to lie on your resume by now?

[AlanSaysYo]

Edmondson is also due to appear in Fort Worth's Tarrant County District Court in April on charges of driving while intoxicated, according to the Tarrant County district attorney. A company spokeswoman last week said a question raised about that issue was "not appropriate."

Edmondson's severance package could be worth around $1.5 million, Roberts estimated, with the cash portion of the package valued at less than $1 million. Roberts said the payout will be considerably less than the severance terms RadioShack had agreed upon when Edmondson signed on as CEO. Details on the payout will be filed with the Securities and Exchange Commission Tuesday, he said.

Let me get this straight... a drunk-driving hippy who didn't finish his degree became CEO of Radio Shack. And now they're giving him $1.5 million to leave.

I'd like an application, please.

[javeryh]

Let me get this straight... a drunk-driving hippy who didn't finish his degree became CEO of Radio Shack. And now they're giving him $1.5 million to leave.

I'd like an application, please.

Getting ahead in the business world is like 5% ability and 95% split between being in the right place at the right time and who you know. There are thousands of rich bastards just like this guy. I can't even tell you how many deals I've seen where someone is paid millions to leave their position at a company because they are a total fuck up or just happens to own a ton of stock when the company decides to go public. It kind of depresses me on a daily basis.

[mykevermin]

"You're doing a heck of a job, Brownie."

[munch]

"You're doing a heck of a job, Brownie."

:rofl: did you get my PM?

[Cao Cao]

Well, he did tell them that he recieved a BS degree, so what's the problem? ;)