What happened to Radio Shack (Circut city)?
Circuit City drops ‘disastrous’ CEO Circuit City (CC) is making an overdue change at the top. The struggling Richmond, Va., consumer electronics retailer said Monday it hired James Marcum as its CEO, replacing Philip Schoonover. Marcum joined Circuit City’s board earlier this year as part of a deal with dissident shareholder Mark Wattles, who took a big stake in the company earlier this year in an effort to force a sale of Circuit City. So far, obviously, that hasn’t happened, and for now Marcum makes no promises other than to try harder. “Circuit City has a long history of being a leader in the consumer electronics industry,” said Marcum. “It is my mission to direct that energy towards improving our operations and strengthening our market position in order to accelerate our turnaround and deliver improved results for all of our key stakeholders.” Delivering improved results shouldn’t be hard, given how far Circuit City has fallen. The company said Monday afternoon, for instance, that
