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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?


To: Smiling Bob who wrote (10745)4/13/2007 11:20:16 AM
From: Smiling Bob  Read Replies (1) | Respond to of 19257
 
RSH-27.73- Day deliberately pushing current employees out?
Everyday, this looks better and better as a short.
Unfortunately, primarily because it rises so much-but with NO sound basis for doing so.
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RadioShack drops some benefits
By Heather Landy
Star-Telegram Staff Writer
FORT WORTHRadioShack Corp. on Thursday ended employee benefit plans that allow for tuition reimbursement, adoption reimbursement, matching gifts for charitable contributions and third-party discounts on such items as child care and vehicle purchases.

The cuts are effective immediately, according to a company memo obtained by the Star-Telegram.

Separately, the electronics retailer disclosed details of its executive compensation for 2006 in a proxy filing with the Securities and Exchange Commission.

Chairman and CEO Julian Day, who was hired July 6, received a package valued at about $19 million -- mostly in stock options -- while former Chairman Len Roberts received $3.6 million.

Roberts retired in May but continues to be paid as part of his severance.