December 19th, 2007 Dumb
Let’s see. We are running a huge retail business. We need to cut costs. How should we go about cutting back costs without hurting sales?
I know, let’s come up with an incredibly simple scheme that ensures we fire all our top sales people. Every last one of them.
It boggles the mind.
Here’s a chart of Circuit City’s stock performance over the past couple years. I’ve marked the spot at which they took this bold cost saving action with a little red explosion. Yeah, that really helped stop the bleeding.
December 19th, 2007 at 2:04 pm
I called this back when it happened.
http://www.odonnellweb.com/?p=3266
December 20th, 2007 at 10:30 am
You are the man!