Jan. 16th, 2009
Circuit City To Liquidate
Jan. 16th, 2009 12:38 pm567 stores, thirty thousand employees. And that's not counting, as is pointed out in the article, the malls that suddenly have an empty big-box space. Looks desolate, not generating income. Much joy.
I couldn't help but notice this bit in particular:
Jeez, this just keeps getting worse and worse and worse.
I couldn't help but notice this bit in particular:
Shareholders are likely to receive nothing, as is typical in bankruptcy cases. It was unclear what would happen to the company's 765 retail stores and dealer outlets in Canada.Everybody's been going for as much money as they could get, as quickly as they could get, for years now, with no thought about what will happen when they get as much as they can. Well, what happens then is, you can't get any more, y'see, and your company goes under.
"Very, very sad," said Alan L. Wurtzel, the son of company founder Samuel S. Wurtzel, and the chief executive from 1972 to 1986, board chairman from 1986 to 1994 and vice chairman until 2001. "I feel particularly badly for the people are employed or until recently were employed."
Wurtzel has previously said Circuit City didn't take the threat of rival Best Buy Co. seriously enough and, at some points, were too focused on making a profit in the short term instead of building long-term value [emphasis mine].
Jeez, this just keeps getting worse and worse and worse.
This Is How Crazy They Get
Jan. 16th, 2009 05:55 pmAbortion donuts.
ETA: A number of people are mentioning how they want to give money to Krispy Kreme, even though they don't like donuts or are diabetic. Might I suggest either getting a box of donuts the next day for friends, or simply giving money to Planned Parenthood?
ETA: A number of people are mentioning how they want to give money to Krispy Kreme, even though they don't like donuts or are diabetic. Might I suggest either getting a box of donuts the next day for friends, or simply giving money to Planned Parenthood?