RadioShack CEO Resigns

Edmondson said in a separate statement Monday that new leadership was needed so the company’s turnaround plan would have the best possible chance to succeed. The revamp announced Friday prompted mixed responses from analysts, who indicated the plan might be successful but, at that time, they doubted Edmondson’s ability to pull it off after it became clear he had lied about his education.

Radioshacks future is questionable at this point, especailly after recent store closings. It’s never a good sign when a CEO resigns, but hopefully things will get turned around. Check out the posting at Slashdot.