FINANCE

Investor Seeks Circuit City Board Seats

BY CSA STAFF

Richmond, Va. A shareholder group for Circuit City Stores said Tuesday it plans to nominate five candidates to the retailer’s 12-member board.

Circuit City said Wattles Capital Management LLC plans to nominate the slate for seats on the board of directors at its annual shareholders’ meeting June 24. The proxy filing was disclosed after the close of regular trading Monday.

Circuit City said in a statement that it plans to consider the nominations.

Investor Mark J. Wattles, the Colorado group’s principal and founder of the Hollywood Entertainment video-rental chain, has criticized Circuit City’s restructuring and turnaround attempts.

 

Wattles Capital Management holds a 6.5% stake in Circuit City.

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Family Dollar names human resources head

BY CSA STAFF

MATTHEWS, N.C. Family Dollar Stores today announced that Bryan Venberg has been named to the position of senior vp of human resources. Venberg will report to Howard Levine, chairman of the board and ceo.

Prior to joining Family Dollar, Venberg served as senior vp of operations of customer service and human resources with ShopNBC. He has held similar positions with Target, as well as with Marshall Fields.

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Staples to offer free tax return copies

BY CSA STAFF

FRAMINGHAM, Mass. Staples announced today that it will be offering its customers free copies of their 2007 tax returns. On April 15, Staples Copy & Print Centers nationwide will provide free copies, up to 20 pages, of 2007 tax returns.

We have all become so comfortable storing and sending data electronically, that many people are not keeping hard copies of important documents, said John Burke, senior vp of business services at Staples. Nothing is easier to access and more reliable than a paper copy of your taxes, which is why Staples is offering free copies of tax returns. 

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