Tuesday, November 1, 2016

B&N Pays Boire $4.8 Million in Separation Agreement - PW (Publishers' Weekly)

Panzer's trip into the Catosphere today took him to the Publisher's Weekly site. After some digging around, our traveling kitty found a post about the Barnes and Noble bookstores company.

Inquiring kitties want to know.
According to the post by Jim Milliot, Barnes and Noble has reached a separation agreement with former CEO Ron Boire. Mr. Boire was terminated by the company in August for unspecified reasons. No reason for Mr. Boire's termination is included in the announcement of the separation agreement either. The two new things of interest in the announcement are that Mr. Boire has agreed to return the company stock awards given to him earlier and that he will receive $4.8 million to leave the company.

Panzer says, "Hmm ... So ... It's still a puzzle why he got fired."

Note: This is a shortish post. Bring a cup of tea for today's reading selection.

To read the post, tootle over to Boire separation agreement

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