It was a melancholy hometown crowd of about 250 Barnes & Noble shareholders and employees who filled the auditorium at the Asia Society this morning for the company’s annual meeting, but when the proxy election results were announced the room erupted in applause. Chairman Len Riggio and the company’s other nominees won election to the board, and Yucaipa’s effort to amend Barnes & Noble’s poison pill was also defeated. Riggio declared, “this has not been an easy four or five months…but this has been a very great day.” Earlier in the meeting, in a brief moment of personal reflection, Riggio […]
