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Phil Schoonover steps down

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Old Sep 22, 2008 | 10:38 PM
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Phil Schoonover steps down

Well...if I'm posting this, it probably relates to my job.

Chairman, President, and CEO of Circuit City, Phil Schoonover stepped down today.
http://www.marketwatch.com/news/stor...%7D&dist=msr_5

http://www.forbes.com/prnewswire/fee...___NEM119.html

This guy was known for being a train wreck. So much so that since he worked for Best Buy for 9 years prior to Circuit City, rumors start flying on the forums, albeit unproven, that he was ruining CC to boost his BB stock, or still connected to BB somewhere along the line.

Who knows. People at a store level aren't complaining, I know that much. We'll see where things land. Hopefully for my own sake things don't get worse in the short term, because my job is a cake walk right now.

Last edited by kpr10is; Sep 22, 2008 at 10:43 PM.
Old Sep 23, 2008 | 06:28 AM
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Eh you'll be fine. I feel like companies like BB and CC will always be around. Its the small ma and pa shops like mine we need to worry about.
Old Sep 23, 2008 | 12:33 PM
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Tell that to Tweeter and CompUSA
(Even though tweeter was bought out and so still operational after filing bankruptcy)

Our stock hovers around $1.70 recently, after being near the $30 mark just over two years ago.

The grass is always greener. With more and more cars coming out that are hard to integrate anything, I feel like the big box stores are going to be on the losing end of the stick not doing custom work and carrying the limited selection of OEM integration that we do.
Old Sep 23, 2008 | 04:09 PM
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yeah but tweeter and compUSA didnt get half as big as BB and CC. Not only other shops, but dealerships, lo-jack etc are always looking for good installers, you'll be alright!

Or you could go get a degree in some field that actually makes good money, cus you and I both know this business doesn't pay for shiz (minus side work).
Old Sep 23, 2008 | 05:40 PM
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Originally Posted by kpr10is
Tell that to Tweeter and CompUSA
(Even though tweeter was bought out and so still operational after filing bankruptcy)

Our stock hovers around $1.70 recently, after being near the $30 mark just over two years ago.

The grass is always greener. With more and more cars coming out that are hard to integrate anything, I feel like the big box stores are going to be on the losing end of the stick not doing custom work and carrying the limited selection of OEM integration that we do.
I actually heard that some CompUSA stores will be reopening (I only heard about some in KS). I used to work at one in KC and it closed down about a year ago.
Old Sep 23, 2008 | 05:41 PM
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I heard a couple are already open. I didn't know where though.
Old Sep 23, 2008 | 05:46 PM
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Originally Posted by kpr10is
I heard a couple are already open. I didn't know where though.
Yep. I ran into one of my former bosses from compusa this weekend at office max. He's the one who told me about the compusa's reopening. Have any idea how many will reopen?
Old Sep 23, 2008 | 06:02 PM
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No idea. Haven't kept up with them since they closed.
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