Re: Circuit City stock plunges on grim losses report was Re: Do NotBuy from Circuit City Charles wrote:
> In article
> <3907dd5b-3fd3-495a-ac8b-3240ebea2dae@i29g2000prf.googlegroups.com>,
> 4phun <vic.healey@gmail.com> wrote:
>
>> "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.
>
> Circuit City is the company that rewarded their 3000 best and
> experienced sales people early this year by firing them in order to
> hire employees willing to work for less. There is no incentive for
> their rank and file employees. If they become better they will be
> fired. That is why I don't buy from Circuit City.
>
Unfortunately they were trying to emulate the other big box stores that
do the same thing. The big box game is to have a few highly paid and
rewarded employees and try to get labor for as cheap as possible and
then give them an extra kick by officially working them at 37 hours so
they are part time. Then of course the other part of the big box game is
to do constant marketing to program everyone that they are really great
places. |