...sent an e-mail requesting a meeting with Schoonover to discuss strategy at the retailer. He said he was rebuffed and referred to investor relations.According to a press release from Circuit City the company,
Wattles, the founder of Hollywood Entertainment Corp., has mounted the most public challenge to Schoonover.
confirmed receipt of notice from shareholder Wattles Capital Management, LLC that it intends to nominate five directors for election to Circuit City's 12-member board of directors at the company's 2008 Annual Meeting of Shareholders. In accordance with Circuit City's bylaws, unless the board selects another date, the meeting will be held on June 24, 2008It is difficult to believe that over time Wattles will not prevail in his attempt to make major management changes at the firm. The real question is whether it is too late. Stay tuned.