Circuit City Bosses Deserve To Live In Public Housing: The Park!

From The NYT, why Circuit City swirls toward the toilet: [I]ts problems go back a decade, from buying cheap real estate leases in inferior locations to laying off its most experienced sales staff. The latter saved money but cost the company employee morale and countless customers. “They basically destroyed all their customer loyalty among all their best customers in one fell swoop,” said Britt Beemer, chief executive and founder of America’s Research Group. “That was really the beginning of the end.” Mr. Businessman's failure has affected more than the remaining inexperienced C. C. employees, of course. The disappearance of the national chain means that in many markets consumers are running out of places to buy electronics, though shoppers are not the only ones being affected. The loss of Circuit City will probably be felt throughout the supply line as electronics manufacturers find themselves less able to negotiate prices. There's been much talk of the "criminalization of politics." This "issue" is usually raised by Republicans who've been caught politicizing a non-political area of gummint (the Dep't. of Justice, for example). We modestly propose a similar "criminalization of business." Admit that business, like politics, is, a priori, a criminal enterprise, & those who enter should absolutely expect to fail (the "possibility" of failure the excuse given by free-market glibertarians for the "reward" of the opportunity to steal everything you can from any corporate entity, its employees & any other markets available) & as soon as we see former tycoons, failed entrepreneurs & the other living proof that capitalism is a crock of barely post-feudal delusion wandering the streets in wooden barrels w/ rope shoulder straps, we'll shut up about whichever jackasses of the moment who have manipulated the markets into a paper fortune for themselves & gotten away w/ it. We do not want to see any more of this sort of thing (Un-Holy g*wd alone knows we don't want to type any more research terms into tiny boxes. When does the telepathic laptop/Web-o-matic head-implant get here? Right after the flying cars?):

Behind the flameout of controversial CEO Bob Nardelli (9 January 2007)

Nardelli: Chrysler Is Not Being Prepped for Sale

(11 January 2009)

Why does Nardelli get the chance to run two companies into the ground? Where's his wooden barrel? 

On his way out the door, however, Nardelli negotiated another jaw-dropper: a $210 million retirement package that assures that he and his former employer will remain at the center of the swirling debate over CEO compensation. Nardelli declined to comment.

No comment. Hunh. We imagine he could afford a regular barrel & a Sunday-go-to-meeting barrel (w/ real suspenders) out of that $210 million. We doubt if he'll leave Chrysler any lighter in the wallet either. The guys w/ the buckets of cash are there to bail Bob out. We'll be picking through the ruins of Circuit City bright & early tomorrow. See you there!