RadioShack earned almost $3 billion in net income from 2000 through 2010. Yet RadioShack’s stockholders equity was less at 12/31/10 than it was at 12/31/00. Where did the earnings go? What specific reasons motivated RadioShack management to have equity at this level? In hindsight, was this a wise decision? What might be different about RadioShack’s unhappy ending if it would have made different decisions regarding its capital structure?