Dallas, Texas 04/01/2014 (FINANCIALSTRENDS) – RadioShack Corporation (NYSE:RSH) has been on management spree. This time it concerns its top management. It has been doling out SOPS to the top-rankers in a bid to retain the best in the business.
RadioShack Corporation (NYSE:RSH) has been on a revamping and restructuring phase and has had to grapple on many fronts in the industry. It has also hoped to see the company bring about higher incentives which allow the performers and executives of its boards to continue in service.
This time around, in the first week of March, that is, the executives were offered ‘retention bonuses.’ Subject to these new incentives, the CEO is expected to gain to the tune of $500K, if he remains in service until 2015 March.
To make the offer even more interestingly, there is another $600K if the company were to achieve and succeed on other incentives which the company has since set up.
RadioShack Corporation (NYSE:RSH) has reported a market capital of $212.73 million. EPS is -3.97 and this retailer also holds a 52 week high of $4.36 and low of $2.00.
RadioShack Corporation (NYSE:RSH)did seem to be drawn into unexpected complications, for certain political developments.It was found that Democrats who are seeking higher minimum wages did appear to influence the stock performance of companies as diverse as WEN, KNKN to JCP and RadioShack Corporation (NYSE:RSH).
Prior to this slide, the poor results for the fourth quarter which were the result of the major restructuring spree. The massive store cuts have definitely resulted in the company seeing a drop in the overall performance. Added to this was eh fact that the comparable-store sales too dropped to 19% and below for the same period.
The company had also seen much of the sales drop and the promotions leading to higher retail prices. Additionally, the fall in the store traffic, saw an unprecedented toll on the level of profits the company could make eventually during the quarter.