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Wednesday, February 22, 2006
David Edmondson
CEO of RadioShack Corp., David Edmondson resigned Friday after admitting to lying in the contents of his resume. Claiming to have two college degrees, a theology diploma called a ThG, and four years of education, Mr. Edmondson only attended two semesters at a college known now as Heartland Baptist Bible College (formerly known as Pacific Coast Baptist College). There are no records of any diplomas issued to Mr. Edmondson. These discrepancies caused Edmondson and the board to mutually agree to his resignation as president and CEO of RadioShack. Initially, RadioShack launched an internal investigation of Mr. Edmondson's statements; however, this investigation has since been halted.
The company had recently suffered a drop of 62% of net income in its fourth-quarter, prompting restructuring plans and a closing of up to 10% of stores.
David Edmondson will receive a severance package valued at less than one million dollars in cash from RadioShack.
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This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.
Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.
Note that some listed sources or external links may no longer be available online due to age.
