FYI: Gooch, who also took the title of chief administrative officer, was recently CEO of Radio Shack, where he had a bumpy tenure. The Texas-based chain has faced dropping sales and has closed stores in recent years. Goochs time with Radio Shack went so poorly that a Forbes columnist called his resignation in 2012 the chains biggest opportunity in a long time. The website Wealth Wire named him one of its five worst CEOs of 2012. His resignation after slightly over one year as CEO followed an unexpected $21 million quarterly loss, according to reports, compared to a $25 million profit a year prior. Gooch also held various financial leadership positions for two other longtime struggling retailers, Kmart and Sears. Great Job youve done for these companies - One of the five worst CEOs of 2012... Now theres a badge of honor to be proud of!!! What the hell was the MB-BOD ever thinking???
Posted on: Mon, 04 Aug 2014 01:04:36 +0000