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View Full Version : Circuit City to Fire 3,400, Hire Less Costly Workers


stockhunter
03-29-2007, 01:47 PM
This is a good PR move, firing employees making $10 to $11 an hour, on average and replacing them with $8 an hour staff. It wouldn't be so bad if the CEO did his part. Chief Executive Officer Philip Schoonover was paid $8.52 million in fiscal 2006, including a salary of $975,000.