WSJ Columnist Names Circuit City CEO worst of 2007

No suprise here.

Here's BloggingStock's look:

But in my mind Schoonover is significantly worse. His 3,400 person headcount cut in March 2007 actually helped out Circuit City's competitor in a very direct way. That's because customers who buy electronics value the expertise of the sales staff. And in canning those highly paid sales people through what Schoonover called "transformation work," he freed those salespeople and their customers to take their business to Best Buy (NYSE: BBY). As I pointed out, in my post, this "transformation work" helped Circuit City's sales decline by 3.1% while Best Buy beat revenue and profit growth expectations.

See also:

Circuit City: The Beginning of the End


Circuit City Spending Millions to Retain Value-Destroying Executives

--Jason Van Steenwyk