Golden Parachutes, Golden Showers
All in all, the fortunes of Circuit City couldn't have happened to a nicer bunch of scumbags. They thought they could Wal-mart their way into profits, except they forgot to take into account that being a retail chain that deals exclusively in high-end items of which customers need extensive information in order to make their investments, they will need knowedgeable and experienced salespeople in order to sell their products. What tears me is the fact that the executives (those that stayed, anyways) that came up with the idea of porking their most loyal and dedicated employees and replacing them with noobs are still getting million-dollar bonuses. One would think the money could have been better spent elsewhere, like retaining the original employees in the first place.
(via Dean Baker)