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Circuit City

COMPANY

Consumer electronics store founded 1949 as Wards Company, by Samuel S. Wurtzel.

Renamed to Circuit City in 1984.

In 2007, fired 3000 of their highest-paid sales staff. In this attempt at cost cutting, they discarded all of their best sales people.

Filed for Chapter 11 bankruptcy protection, 10 November 2008.

The company retains approximately 550 stores. As no buyer was found by January 2009, Circuit City will liquidate its assets.

Official Website:
http://www.circuitcity.com/

Industry:
Retail

Ticker:
NYSE:CC

Corporate headquarters:
Richmond, VA

Sales:
$11.7B (2008)

Employees:
43,000

EXECUTIVES

NameOccupationBirthDeathKnown for
Keith D. Browning
Business
c. 1953   CFO of Carmax
James A. Marcum
Business
c. 1960   Vice Chairman of Circuit City
W. Alan McCollough
Business
1950   CEO of Circuit City, 2000-06
Philip J. Schoonover
Business
c. 1960   CEO of Circuit City, 2006-08
Richard L. Sharp
Business
c. 1948   CEO of Circuit City, 1986-2000

CURRENT BOARD MEMBERS OR DIRECTORS

NameOccupationBirthDeathKnown for
Ronald M. Brill
Business
c. 1944   Former EVP, Home Depot
Caroline H. Byrd
Business
c. 1949   GlobalTech Financial
Ursula O. Fairbairn
Business
c. 1943   Former EVP, American Express
Barbara S. Feigin
Business
c. 1937   Grey Advertising Inc.
James F. Hardymon
Business
c. 1934   CEO of Textron, 1992-98
Alan T. Kane
Business
c. 1942   Fashion Institute of Technology
Allen B. King
Business
c. 1946   CEO of Universal Corporation, 2003-08
James A. Marcum
Business
c. 1960   Vice Chairman of Circuit City
Mikael Salovaara
Business
c. 1954   Greycliff Partners
J. Patrick Spainhour
Business
c. 1950   CEO of Servicemaster
Ronald L. Turner
Business
c. 1946   CEO of Ceridian, 2000-06
Carolyn Y. Woo
Educator
c. 1953   Dean, Mendoza College of Business

PAST BOARD MEMBERS OR DIRECTORS

NameOccupationBirthDeathKnown for
W. Alan McCollough
Business
1950   CEO of Circuit City, 2000-06
Hugh G. Robinson
Military
4-Aug-1932   CEO of Global Building Systems
Philip J. Schoonover
Business
c. 1960   CEO of Circuit City, 2006-08
Richard L. Sharp
Business
c. 1948   CEO of Circuit City, 1986-2000
John Snow
Government
2-Aug-1939   US Secretary of the Treasury, 2003-06

EMPLOYMENT

NameOccupationBirthDeathKnown for
Kay Coles James
Government
1-Jun-1949   Director of OPM, 2001-05

CELEBRITY ENDORSEMENTS

NameOccupationBirthDeathKnown for
Mike Ditka
Football
18-Oct-1939   Chicago Bears Head Coach, 1982-92


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