Circuit City Lays Off Employees for Earning Too Much Money »

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Comments: 18

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  Avg rating: (+2/-0 2)

  2sidestoeverything

  March 30, 2007, 10:11 a.m.

  According to figures from one congressman, the six top executives at Circuit City earned roughly $33.5 million over the last three years - enough to employ 450 people for three years at $12 an hour.
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  texangelwings

  March 30, 2007, 10:50 a.m.

  Companies are cutting more jobs & are cutting their own consumer base. Congress needs to find its moral compass.

  I was the marble champ in grade school, I had won everyones shooters and marbles. I discovered that unless I gave back & shared my winnings, the other players marbles & shooters, I would not have been able to continue playing marbles.

  Same goes for all the wealthy/CEO's, etc., sooner or later they too, will be facing the problem of needing to share in order to create consumers & continued profits for themselves, ie....champs-n-winners. (Increasing losses in jobs, cuts the numbers of consumers.)
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  uncleT

  March 30, 2007, 3:52 p.m.

  Well Circuit City lost me as a customer. I'm not going to help pay the CEO while the clerks get railroaded.
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  quackpot

  March 30, 2007, 5:02 p.m.

  The top execs need a BIG pay cut (like 90% pay cut) after this decision. I hope the share holders will give it to them. But then, I can not imagine who would be a shareholder in such a company.

  Circuit City's service was bad before this. With even less qualified (lower paid) people I don't think I'll even take the time to step through the doors.
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  Avg rating: (+6/-0 6)

  joeblowe

  March 30, 2007, 5:27 p.m.

  Yep - my wife and I have already concluded that Circuit City is OFF our list of places we will shop.
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  1basque1

  March 30, 2007, 5:33 p.m.

  What a sorry bunch of GREEDY SOB's...They won't be seeing my shadow in their stores...just makes me sick at the no ending of peoples self promotion...
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  Avg rating: (+0/-0 0)

  PsychoHosebeast

  March 30, 2007, 7:48 p.m.

  This isn't unusual, I've been laid off twice because I made too much money, once from Siemens Int'l... a friend had to quit his job at Borders Books a couple years ago because all management was expected to take a 30% pay cut... they didn't lay anyone off, it was a "if you don't like it there's the door" kind of thing... as if a bookstore manager is some high-paid exec to begin with.

  Before everyone goes nuts on Circuit City and says they're going to take their business somewhere else, give some thought to the fact that it's not likely that anyplace else is paying big bucks, they're probably paying considerably less, which is why CC did this. At least the former employees made some extra money for a while. So just where do you shop...? Fact is, retail sucks, doesn't pay squat, and pretty much attracts a large segment of people who have little to no experience.
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  Harbeas

  March 30, 2007, 8:43 p.m.

  This is a major problem in our country today. The executives of our companies are making ridiculous salaries while doing things like this. Could they live on 10 to 12 dollars an hour. Of course not and neither can anybody else. In Japan the executive salaries are capped at 20 to 30 times the lowest paid employee. In America it's closer to 300 times! Then they have the unmitigated gall to bemoan the poor morale between their employees! Duh!
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  Avg rating: (+1/-0 1)

  disraeli

  March 30, 2007, 10:49 p.m.

  Like the commercial says "Don't blame the player, blame the game".

  Circuit City is just playing the game by the rules of the game. As it stands those rules benefit the wealthy and the positioned at the expense of the grunting throng below.

  Like all games where the rules are unfair and all the benefits accrue to one set of players, eventually the game will collapse.

  I don't have anything better in mind and I certainly do not advocate a socialist or communist approach, the profit motive has had some very positive impacts on western society. But in order to sustain itself there needs to be limits of some sort on the disparity between top and bottom.
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  MikeReardon

  March 31, 2007, 12:23 a.m.

  This story misses the fact - these same employee - can return to their same jobs - at that lower pay scale as new hired employees with the same skills in the same positions. Take that into every job in the nation and you can take everyone down to part time at $5.75 an hour. Sign up at your local day laborer center for the job you have now and wait for your boss to drive by in the morning and tell you you work today.
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  gage99

  April 1, 2007, 11:33 p.m.

  I would like you all to know I have been a loyal employee of circuit city for 12 years. I was fired last week. I have worked holidays, christmas eve, and even till wee hours in the morning for this company and after 12 years they fire me because the raises they gave me are too much money. I am a single father of 2 boys one who is confined to a wheelchair with Muscular Dystrophy and now not only am I rushing around trying to find a job but I need insurance for my child that is at the doctors frequantly. I feel I have been cheated and my children have been cheated. I didnt pay myself I didnt give myself raises so why should I be fired for making to much money. This is such a joke!!!!!!!!!!!!!!!!
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  mcr285

  April 11, 2007, 12:39 a.m.

  You know, it's those people who say stupid things like, they are just playing the game... or it happens in all businesses... or one of my favorites, "as if a bookstore manager is some high-paid exec to begin with..." which completely dismisses people like gage99, and everything they are going through. Circuit City sucks for what they've done to their employees, and I won't ever shop there again!

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