David Edmondsdon, the former CEO of Radioshack, was fired because he falsely claimed to have a theology degree from an unaccredited Bible college.
At least, that’s what Radioshack said. There may have been other reasons, but newspapers took the college story seriously, even though it was ridiculous. Why does learning about your CEO’s lack of a theology degree matter, once you’ve seen him perform decades of competent work?
But even that story isn’t as crazy as…
The MIT Scandal
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Articles of Note
80 years ago, Harvard had a “Jewish quota”. They used rhetoric about “character” to limit the number of Jews they admitted, in favor of students who weren’t as book-smart but fit the Harvard ideal. Today, the same thing is happening to Asians, for the same reasons.
Controlling for other variables […] Asians need SAT scores 140 points higher than whites, 270 points higher than Hispanics, and an incredible 450 points higher than blacks (out of 1,600 points) to get into these schools.
If you want to see some ridiculously offensive statements from MIT’s Dean of Admissions, this is the article for you!
Today, I wish to share the tale of a man with a troubled past, and of a company that used a very flimsy excuse to rid themselves of this man, all for the sake of signalling.
I call it…
The RadioShack Dilemma
A few months ago, I learned about the story of David Edmondson.
Edmondson is the CEO of a company called eRecyclingCorps, but is best known for his resignation from the CEO position at RadioShack (a company with $5 billion in revenue) after it became known that he’d never actually graduated from college, despite his claims to the contrary.
This seems natural enough. After all, who wants a liar at the head of their company? (I’m assuming here that RadioShack forced Mr. Edmondson to resign.)
But certain features of RadioShack’s decision start to look very strange when you view them in the context of Edmondson’s career.