RadioShack Board Stands Behind CEO
By George Anderson
RadioShack’s board doesn’t seem to care that its CEO lied about college degrees he said he received but did not.
On Tuesday, the board issued a statement saying it “reaffirms its support for David Edmondson in fulfilling his role as chief executive officer.”
Last week, Mr. Edmondson told the Fort Worth Star-Telegram he had finished a degree in theology by taking correspondence courses from Pacific Coast Baptist Bible College. When Mr. Edmondson joined RadioShack in 1994, reports the paper, his resume said he had received a Bachelor of Science degree from the institution.
The pastor who Mr. Edmondson said served as his advisor, Ron Hoover, said he had “good memories about David” but no recollection of Mr. Edmondson finishing the degree program.
In the interview with the Star-Telegram, Mr. Edmondson had said he spent five hours a day working on correspondence courses towards the degree while serving as associate pastor and youth director at Security Baptist Temple. Mr. Hoover was the pastor at the church.
Moderator’s Comment: Does any employee’s strong performance on the job outweigh having misrepresented themselves when they applied to join a company?
Can retailers afford to do the extensive background checks required to verify all the information contained in a potential employee’s resume and/or work application?
RadioShack board member Thomas Plaskett, who chairs the company’s corporate governance committee, said the board has not wavered on its support for Mr.
“I know what the board’s responsibility is,” he told the Star-Telegram. “I stand by the statement.” –
George Anderson – Moderator