• The Wall Street Journal reports that RadioShack has replaced its CFO, John Feray, who has only been with the company for seven months, with Holly Etlin, managing director at AlixPartners, a restructuring specialist.
According to the story, "The executive switch comes in the middle of a frantic effort to stabilize the company's balance sheet before it runs out of cash. The company last week warned it could be forced to liquidate or seek bankruptcy protection if it can't find a way to improve its finances soon."
According to the story, "The executive switch comes in the middle of a frantic effort to stabilize the company's balance sheet before it runs out of cash. The company last week warned it could be forced to liquidate or seek bankruptcy protection if it can't find a way to improve its finances soon."
- KC's View:
