Circuit City Ill never shop you again sign now

Circuit city has really crossed the line with its latest cost cutting move. By chopping 3,400 of its most highly paid retail staffers. According to the company, the salary cuts and some other restructuring moves will save the company some $110 million. The company's CEO, Philip J. Schoonover, said in a statement, "Unfortunately a number of associates are directly impacted by the actions, but we are making Circuit City stronger for the long term."According to Forbes, Circuit City's chairman and CEO Philip J. Schoonover, pulls in some $2. 17 million last year, Schoonover is also number 406 on Forbes' CEO pay list. According to figures from one congressman, the six top executives at Circuit City earned roughly $33.5 million over the last three years. These workers were fired with out any prior notice or option to move up. Some loyal workers with over 15 years of service were given nothing more than a few weeks pay.

I am writing to tell you that Circuit City is no longer my first choice. Your action of firing 3400 workers just to replace them with lower paid workers is unconscionable and represents the worst example of corporate behavior. You should be personally ashamed.

I will personally boycott Circuit City. I will publicize my discontent in public forums. I will tell my friends to avoid Circuit City. I will do what I can to ensure your actions have negative consequence.

Sources:
http://www.bloggingstocks.com/2007/03/30/circuit-citys-firing-of-highest-paid-employees-indicates-some-c/
Charles Griswold @http://www.bloggingstocks.com/2007/03/29/a-modest-proposal-circuit-city-ceo-could-be-re-hired-at-a-lower/
http://www.abcnews.go.com/GMA/story?id=2994476

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Latonya HoodBy:
Entertainment and MediaIn:
Petition target:
Circuit City Corporate

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