Barnes & Noble, Former CEO Abruptly End Litigation - Publishers Weekly

 Today's trip into the Catosphere took Panzer to the Publishers Weekly site. With no digging at all in the posts our inquisitive kitty boy found one about the Barnes and Noble bookstores and Demos Parnero lawsuits. Panzer told you about the ongoing court battles in September.

According to the post by Andrew Albanese, the dueling lawsuits between Barnes and Noble and the company's former CEO Demos Parnero have been dropped. Demos Parnero was fired by Barnes and Noble in 2018. He promptly sued the company. The company then counter-sued him. On October 26 both Parnero and Barnes and Noble agreed to drop their lawsuits against each other. They also agreed to pay their own attorney fees. Neither parties' attorneys would issue a comment.

All that time for nothing.

Panzer says, "So ... After two years of fighting in court, it's all over. Just like that. Poof! Gone!"

Note: This is a short medium length post. Bring a cup of tea and a muffin for today's reading selection.

To read the post tootle over to Barnes and Noble

To read Panzer's previous post about the Barnes and Noble lawsuit, tootle over to Barnes and Noble lawsuit

 

 

 

 

In Filing, Former B&N CEO Claims Malicious Firing Destroyed His Career - Publishers Weekly

Today, Panzer decided to visit the Publishers Weekly site to look for any news on the Barnes and Noble dueling lawsuits in the firing of former CEO Demos Parneros. It didn't take any digging at all to find the latest court filings. Panzer has been following this story since the beginning.

Maybe we should all study law.

According to the post at Publishers Weekly by Andrew Albanese, former CEO Demos Parneros' attorneys have now filed an opposition brief (or a memorandum in opposition) in response to Barnes and Noble's request for a summary judgement. The summary judgement was requested for the defamation of character portion and the breach of good faith and fair dealing portion of Demos Parnero's lawsuit. Mr. Parnero's attorneys filed "hundreds of pages" of information, exhibits etc. with the court. A settlement conference is already scheduled for January 27. There are several links in post to other information about the two lawsuits..

Panzer says, "Hundreds of pages of documents ... The memorandum in opposition alone is 40 pages long ... Hmm ... How are attorneys paid? By the page?"

Note: This is a long post. Bring a quart of tea and six muffins for today's reading selection. If you plan to follow all the links, bring two gallons of tea, two dozen muffins and sleeping bag for a nap in the middle of your reading.

To read the post tootle over to Barnes and Noble
To read Panzer's most recent previous post about this lawsuit, tootle over to Barnes and Noble litigation

Parneros Sues B&N for Defamation of Character - Publishers Weekly (PW)

As Panzer was tootling around in the Catosphere today he decided to make a stop at the Publishers Weekly site. With no digging at all our inquisitive kitty discovered a post about Barnes and Noble's former CEO.

According to Jim Milliot, Barnes and Noble's former CEO Demos Parneros has sued the company. Panzer told you about the termination of CEO Parneros when it happened in July.  Mr. Parneros states in his lawsuit that the company fired him without caused and defamed his character. It's also stated that Barnes and Noble was going to be sold; but, when the offer was withdrawn, he was fired so Len Riggio could take over the company again. Mr. Parneros also denies any sexual harassment claims. In rebuttal the Barnes and Noble Board of Directors states, Mr. Demos was fired on advise of legal counsel after an internal investigation showed behavior that violated company policy.

But ... You're the one who told everybody.

Panzer says, "Hmm ... This is an interesting court case because this kitty hadn't heard anything about sexual harassment until Mr. Parneros brought it up in court."

Note: This is a long-medium length post. Bring a cup of tea and one and a half muffins for today's reading selection.

To read the post tootle over to Barnes and Noble Lawsuit

To read the post about Demos Parneros' termination from Barnes and Noble tootle over to Barnes and Noble CEO Termination

B&N Begins Another CEO Hunt - Publishers Weekly (PW)

When Panzer went into the Catosphere today, he realized he hadn't been to the Publishers Weekly (PW) site for a while. Our kitty pilot decided this would be a good time to stop in there and do some exploring.  With a little digging he found a post about Barnes and Noble.

According to the post by Jim Milliot, Barnes and Noble has begun searching for a new CEO after the termination of Demios Parneros on July 3. The post opens with the information contained in the original termination announcement. Panzer already told you about the termination when it happened. The press release from Barnes and Noble didn't give an exact reason for the termination and this new Publishers Weekly post doesn't contain any new information about the termination. After the initial section about the termination announcement, the last two-thirds of the post has information from interviews with unnamed publishing executives. The executives are quoted giving their opinions on what they would like the new CEO to have experience with. For example, one executive would like the new CEO to be knowledgeable about books and another would like the new CEO to have company leadership skills.

There must a good CEO somewhere.

Panzer says, "Barnes and Noble sure has a lot of trouble finding the right CEO."

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

To read the post tootle over to Barnes and Noble

To read Panzer's post about Barnes and Noble's CEO firing announcement tootle over to CEO Parneros

B&N Fires CEO - Publishers Weekly

Panzer had hardly started eating his dinner when his food bowl was tipped over by the sounds of shouting. Our brave kitty hopped into the Panzermobile and headed into the Catosphere. Following all the noise took him to the Publishers Weekly site. With no digging at all he found a brand new post about Barnes and Noble.

According to the post by Jim Milliot, Barnes and Noble announced this afternoon the company CEO has been fired. In a release the company said the Barnes and Noble board of directors terminated (fired) CEO Demos Parneros effective immediately. The reason according to the release is CEO Parneros' "violations of the Company's policies." There is no mention of the exact violations except to say they are not financial or fraud violations.

Panzer says, "Hmm ... The violations must have been bad for him to be terminated immediately."

I'm ready for a nap now.

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

To read the post tootle over to Barnes and Noble

B&N Eyes Revenue Growth - Publishers Weekly

Today, Panzer made a quick trip to the Publishers Weekly site. With just a little digging around our cute kitty boy found a post about Barnes and Noble's sales revenue. Panzer told you a couple of days ago about Barnes and Noble's decline in sales in their 2017 Fiscal Revenue Report.

Maybe make them cat friendly, too?

According to Jim Milliot's post, Barnes and Noble is planning to make some changes in the hopes of bringing about company revenue growth. CEO Demos Parneros advises the company is undertaking plans to make stores more customer friendly. While 2017 juvenile book sales were down as were adult coloring books among other sales declines, BN.com sales were up 3.9 percent. CEO Parneros advises other plans include reducing under performing book categories to make room for the more popular categories. Mr. Parneros doesn't expect an instantaneous turnaround and is instead looking at long term goals.

Panzer says, "Hmm ... BN.com sales are up. That's good."

Note: This is a medium length post. Bring a cup of tea and two muffins for today's reading selection.

To read today's post tootle over to Barnes and Noble revenue growth

To read the post about Barnes and Noble's 2017 Fiscal Report, tootle over to Barnes and Noble sales reports

B&N Reports Falling Sales in Fiscal 2017 Report - Publishers Weekly

Panzer's trip into the Catosphere today took him to the Publishers Weekly site. There our busy kitty traveler discovered news about Barnes and Noble's 2017 Fiscal Year Report. (Panzer knows it might seem strange for a company to have their end of 2017 year report be announced in June. It just means the company was not started on January 1 but instead part way through the year. Therefore, the company's "year" doesn't start and stop on January 1. This little kitty knows it's confusing, but it's what he expects from humans.)

My ebooks are there online.

According to the post by Jim Milliot, Barnes and Noble announced their fiscal report for 2017 and the numbers are disappointing. Although according to the report online sales were up 3.7 percent, that wasn't enough to offset the 6 percent decline in retail sales or the 23.4 percent decline in Nook sales. Even though the sales figures do appear to show an abysmal sales record and losses, it does show they are not as bad as the 2016 losses.

Panzer says, "Hmm ... Can the new CEO Demos Parneros turn the company around to profitability in the next couple of years? This little kitty hopes so."

Note: This is a longish-short post. Bring a cup of tea and a muffing for today's reading selection.

To read the post, tootle over to Barnes and Noble

B&N CEO Parneros Defends B&N's Chances - Because He Had To - The Digital Reader

Today's trip into the Catosphere took Panzer to The Digital Reader site. There our kitty pilot found a post about Barnes and Noble bookstores.

I need to watch what happens there.

The post by The Digital Reader site owner Nate Hoffelder concerns an interview in Fortune (magazine) with Barnes and Noble's new CEO Demos Parneros. Mr. Hoffelder quotes questions and answers from the interview in which Mr. Parneros addresses questions about the number of bookstores and sales at the online Barnes and Noble site. Mr. Hoffelder doesn't agree with CEO Parneros' answer about Barnes and Noble's continuing viability as a bookstore company. Included in the post is a link to the Fortune interview. You can read the interview and make your own decision about Barnes and Noble's future.

Panzer says, "Umm ... I hope Mr. Hoffelder is wrong. This kitty sells more ebooks through Barnes and Noble's online site than through Amazon."

Note: This is a smallish-medium post. Bring a cup of tea and half a muffin for today's reading selection. If you plan to follow the link to the Fortune interview, bring another cup of tea and another muffin and a half.

To read the post, tootle over to Barnes and Noble CEO Parneros