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Doug_Pardee
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William Lynch out as B&N CEO

http://www.barnesandnobleinc.com/press_releases/7_8_13_release.html

 

Former B&N CFO Michael P. Huseby is the new CEO of NOOK Media LLC and the new President of B&N.

 

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keriflur
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Re: William Lynch out as B&N CEO

Mashable is reporting that the stock dropped 3% after the announcement.

 

http://mashable.com/2013/07/08/barnes-and-noble-ceo-resigns/

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MacMcK1957
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Re: William Lynch out as B&N CEO

But the important question is: does the new guy have an MBA?
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gb18
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Re: William Lynch out as B&N CEO

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keriflur
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Re: William Lynch out as B&N CEO


gb18 wrote:

http://bookclubs.barnesandnoble.com/t5/NOOK-Talk/William-Lynch-resigns/m-p/1465299


What's the point in posting a link to a thread that just redirects here?

flyingtoastr
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Re: William Lynch out as B&N CEO

The thing that worries me so much about this move is that Huseby has historically specialized in seperation financial deals - carving up companies and selling off their parts. I really hope this isnt a sign of BN really trying to split digital/college/retail peacemeal to "get value" for shareholders, but all signs seem to be pointing that way. Maybe I should apply for CEO...

 

Also, sure was a great use of my $15 million last year that could have gone to payroll and store support instead going to Lynch for his bonus.

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gb18
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Re: William Lynch out as B&N CEO


keriflur wrote:

gb18 wrote:

http://bookclubs.barnesandnoble.com/t5/NOOK-Talk/William-Lynch-resigns/m-p/1465299


What's the point in posting a link to a thread that just redirects here?


Like I said..... 

Freedom is not free.
BN_AlexG
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Re: William Lynch out as B&N CEO

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roustabout
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Re: William Lynch out as B&N CEO

"Mr. Huseby and Mitchell Klipper, Chief Executive Officer of the Barnes & Noble Retail Group, will report directly to Leonard Riggio, Executive Chairman of Barnes & Noble, Inc."

 

So, Riggio is running the show.  Wonder where Lynch will land?  

 

A content position at MS would be amusing, especially if the buy goes through.

"no warrants shall issue, but upon probable cause, supported by oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized." Fourth Amendment to the US Constitution.
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keriflur
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Re: William Lynch out as B&N CEO


flyingtoastr wrote:

The thing that worries me so much about this move is that Huseby has historically specialized in seperation financial deals - carving up companies and selling off their parts. I really hope this isnt a sign of BN really trying to split digital/college/retail peacemeal to "get value" for shareholders, but all signs seem to be pointing that way. Maybe I should apply for CEO...

 

Also, sure was a great use of my $15 million last year that could have gone to payroll and store support instead going to Lynch for his bonus.


Jeez. That's not good.  He was promoted from within, though, right?  Maybe this means he'll stay the course of the recent announcements and only pull out his special skills if they really can't make it work.