Resume Errors Force RadioShack CEO to Resign

RadioShack's CEO has resigned over questions about his resume. David Edmondson's troubles began last week when errors in his resume were reported by the Fort Worth Star-Telegram.

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Coming up, a downshift in the housing market. First, the CEO of RadioShack has resigned after revelations that his resume was inaccurate, as NPR's Ted Robbins reports.

TED ROBBINS reporting:

David Edmonson's resume listed a bachelor's degree in psychology, and a diploma in theology, from Pacific Coast Baptist College, in California. But the school said it never offered degrees in psychology, and that Edmonson only completed two semesters.

RadioShack board chairman Leonard Roberts told reporters in a conference call that the company didn't fully check when Edmonson was hired as an executive in 1994.

Mr. LEONARD ROBERTS (Board Chairman, RadioShack): Of course, we checked references, we checked criminal records, we checked credit ratings, and we had all that on Mr. Edmonson. But we weren't checking academic credentials. We basically assumed they were correct.

ROBBINS: Roberts said hiring policies have been changed. After the Fort Worth Star Telegram broke the news last week, RadioShack said it would launch an investigation. But since then, pressure mounted on Edmonson to resign. The company says the decision was mutual.

The 46-year-old Edmonson is also scheduled to stand trial in Fort Worth on drunk-driving charges.

RadioShack is struggling financially. Last week, it said fourth quarter earnings fell 62 percent, and it announced plans to close 400 to 700 of its nearly 7,000 stores.

Ted Robbins, NPR News.

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