It was fairly obvious that the Barnes & Noble board of directors would decline investor Ron Burkle’s request that they grant him an exception from the poison pill provision that they adopted specifically to block Burkle and his friends from threatening the Riggios’ de facto control over the company. But in a new letter to the board, Burkle expresses surprise that the company’s independent directors did not contact him before dismissing his concerns, and he asks for a meeting: “I would have hoped that the non-management members of the Board would have contacted me before unilaterally rejecting my request that […]
