View Single Post
  #21 (permalink)  
Old 12-23-2007, 07:15 AM
4phun
Guest
 
Posts: n/a
Default Re: Circuit City stock plunges on grim losses report was Re: Do NotBuy from Circuit City

On Dec 22, 11:46 pm, Larry <no...@home.com> wrote:
> 4phun <vic.hea...@gmail.com> wrote in news:3907dd5b-3fd3-495a-ac8b-
> 3240ebea2...@i29g2000prf.googlegroups.com:
>
> > Circuit City said in a regulatory filing Wednesday that its board
> > approved a special cash retention award program for its top executives
> > including Chief Financial Officer Bruce Besanko and a long-term
> > incentive plan for CEO Schoonover and other top executives.
> > "It seems like the top executives are paid more for poor performance,"
> > Merrill Lynch analyst Danielle Fox posed the question for management
> > on the call. She asked what kind of incentive plans the company had
> > for its rank and file employees instead.

>
> Right THERE is the big mistake......
>
> CC used to have all sales staff on commission. They'd follow you around
> and SELL you something and do everything they could to keep you from
> bringing it back, including swapping out your bad one for a new one
> without the corporate bull$hit.
>
> That changed when they moved from the old profitable store to the new one
> across from the mall. Nobody cares if you buy or not, now. Their pay is
> fixed. Who gives a $hit?
>
> And they do the STUPIDEST things....let Verizon sell the phones...we'll
> rent them floor space and stop selling phones entirely....STUPIDS.
> Let's sell STUPID products:
> USB record players
> 100 different landline phones
> The same Communist (Haier) little fridges for $150 that Home Depot sells
> for $70.
> $30 memory cards for $90....a whole wall full of way overpriced memory
> cards. If buy.com sells a 4GB card for $25, wonder what wholesale at CC
> is?....$10, $8?
> 25 types of over $100 tiny computer speakers noone wants.
> Blue computer fans?
> Blue computer lights?
> 25 DVD-R for $59?
> The stores are only partly filled with the dumbest stuff noone
> wants....at outrageous prices...and little turnover.
>
> CC's terrible history of service when it's broken on their extended
> warranty plan is the stuff webpages are made of.....
>
> I just can't believe neither BB or CC sells a decent stereo with REAL
> speakers (that means a Woofer in the same cabinet as the tweeters...12"
> woofers, not 6) for under $1000. I was in Best Buy, today, and they had
> some PoS from Yamaha priced at $900!...for the receiver! There's one
> tiny shelf of 6 stereos in the store! "TVs do NOT a stereo make!" Some
> stupids in the stereo business needs to join the 21st Century! There
> should be a HARD DRIVE and MP3 PLAYER in all stereo receivers....not an
> AM RADIO! 500 GB hard drive....remote hard drive over WIFI from the
> computer in the den...wireless! Turn the stereo on, call it over wifi
> from the mainframe and LOAD IT WITH MUSIC! The stupid asses think we're
> still using CDs and need to by an EXTERNAL CD changer!
>
> Well...Duhhh....!!
>
> Larry
> --
> QUOTE OF THE MONTH:
> "I have been to several major Chinese cities and have seen first hand
> shops crammed with obviously fake American products." - Jon Dudas,
> Undersecretary of Commerce for Intellectual Property Rights.
>
> How can they be fake? The Chinese make all "American Products" I use!


Good post hits the nail on the head here in Atlanta too.

Another point is CC is getting their current employees from the
street. Have you ever seen a female with no belt on her slacks with
her pants falling down, exposed underwear, and a lot of exposed skin
and other stuff?

The poor boys who wear similar attire (which is now banned in Atlanta
public schools) are claiming they are the store managers, yes plural
managers. I had to remind them that they must sell and advertised item
at the advertised price (its the law in Georgia), which also appeared
even on the in-store display. They insisted that it was much more in
the CC computer and they could not sell at the advertised price. Each
'manager' in turn said they could not do it but would not put it
writing. After they saw me taking pictures of the computer display,
the store item, store personal with name tags, all related signs and
stuff with my camera phone they quickly changed CC policy and adjusted
the price on a LCD HDTV in spite of what the CC computer said.

Then they tried to sell me a CC protection plan as if we were good
buddies and they had my best interests at heart all along. Of course
if they go out of business like CompUSA their extended warranty would
be of questionable value. Would you buy one? Who would you sue if they
failed to honnor it?




Reply With Quote