January 21, 2008 11:50 AM
Posted by: Margaret Rouse
Technology
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Circuit City (Fortune 500) announced last month that it approved millions in cash incentives to retain its top talent following the departure of several key executives over the past year. Executive vice presidents could claim retention awards of $1 million each and senior vice presidents could get $600,000, provided they stay with the company until 2011, according to a filing with the U.S. Exchange Commission.
SteveB, Circuit City same-store sales fall 11% |
Last March Circuit City fired a bunch of people who earned more than $18 an hour. Then they outsourced their IT infrastructure to IBM to cut costs. Now they’re promising big bucks to top executives that stay. There’s discussion in the blogosphere over whether the days of the big box consumer electronics store are over — and whether the shopper who frequented that kind of store does all their shopping online now.
I think Best Buy just did it better. Best Buy invested a ton of time and money into training every employee — even the Christmas-time temp. They were smart enough to team up with the Geek Squad. Circuit City is failing because they thought about the product, but failed to think about the end user who would use that product.
Best Buy did it right. They invested in education.
January 19, 2008 1:06 PM
Posted by: Margaret Rouse
conspiracy theories,
Oracle,
Sun
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I’m close to being convinced that Oracle wanted to buy MySQL to kill the product, but knew it couldn’t pull off the stunt itself. So it sent in a stooge to do the job.
John C. Dvorak, The Sun-MySQL deal stinks
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Let’s begin by putting MySQL in perspective: It’s the most competitive and biggest threat to Oracle Corp., if for no other reason than it’s cheaper, and in many applications, more practical.
It’s used extensively by the open-source community and is the engine that runs almost all the blogging software — including the successful WordPress, which is used as the blogging-content back end for the New York Times, among other large commercial enterprises.
I love a good conspiracy theory. The drama, the suspense, the twisted plot lines — and when Larry Ellison is a main character, it’s even better.