RadioShack CEO resigns
{{date|February 22, 2006}}
[[Image:Edmondson.jpg|thumb|right|David Edmondson]]
[[w:Chief executive officer|CEO]] of [[w:RadioShack|RadioShack Corp.]], [[w:David Edmondson|David Edmondson]] resigned Friday after admitting to lying in the contents of his resume.  Claiming to have two college degrees, a [[w:Theology|theology]] diploma called a ThG, and four years of education, Mr. Edmondson only attended two semesters at a college known now as [[w:Heartland Baptist Bible College|Heartland Baptist Bible College]] (formerly known as Pacific Coast Baptist College). There are no records of any diplomas issued to Mr. Edmondson. These discrepancies caused Edmondson and the board to mutually agree to his resignation as president and CEO of RadioShack. Initially, RadioShack launched an internal investigation of Mr. Edmondson's statements; however, this investigation has since been halted.

The company had recently suffered a drop of 62% of [[w:Net income|net income]] in its fourth-quarter, prompting restructuring plans and a closing of up to 10% of stores.

David Edmondson will receive a severance package valued at less than one million dollars in cash from RadioShack.

== Sources ==
*{{source|url=http://www.nytimes.com/2006/02/21/business/21radio.html
|title=RadioShack Chief Resigns After Lying
|author=Floyd Norris
|pub=The New York Times
|date=February 21, 2006}} 
*{{source|url=http://www.forbes.com/technology/feeds/afx/2006/02/20/afx2539792.html
|title=RadioShack CEO resigns 
|author=
|pub=Forbes
|date=February 20, 2006}}
*{{source|url=http://www.usatoday.com/money/industries/retail/2006-02-20-radioshack-ceo_x.htm
|title=RadioShack CEO resigns amid resume questions
|author=
|pub=USA Today
|date=February 20, 2006}} 

{{publish}}
{{archive}}
[[Category:North America]]
[[Category:United States]]
[[Category:Economy and business]]
[[Category:Computing]]
[[Category:Science and technology]]
David Edmondson
CEO of RadioShack Corp., David Edmondson resigned Friday after admitting to lying in the contents of his resume.  Claiming to have two college degrees, a theology diploma called a ThG, and four years of education, Mr. Edmondson only attended two semesters at a college known now as Heartland Baptist Bible College (formerly known as Pacific Coast Baptist College). There are no records of any diplomas issued to Mr. Edmondson. These discrepancies caused Edmondson and the board to mutually agree to his resignation as president and CEO of RadioShack. Initially, RadioShack launched an internal investigation of Mr. Edmondson's statements; however, this investigation has since been halted.

The company had recently suffered a drop of 62% of net income in its fourth-quarter, prompting restructuring plans and a closing of up to 10% of stores.

David Edmondson will receive a severance package valued at less than one million dollars in cash from RadioShack.
North America United States Economy and business Computing Science and technology