The idiot view from the boardroom

The news that Circuit City approves retention awards for top execs is hardly a suprise. Circuit City is after all the company that laid off its 3,400 top performing sales people in March, since then the stock has crashed from $18 to $6.

What sort of management can tell itself that retention bonuses are essential in the boardroom while sacking the sales staff? The fact that they fired the sales staff in the first place is demonstration that a management exodus at Circuit City should be viewed as a positive, not a negative.