In the latest proxy filings, Ron Burkle and Len Riggio continue to fight to show who is least suited to run the company going forward. From the Yucaipa presentation, Ron Burkle laments that he has invested over $200 million in company stock and “as of July 30, our investment is down over 27 percent.” (But since August 1, the stock is up almost 20 percent.) Meanwhile, Barnes & Noble now admits that the final cost of acquiring BN College was “only $439 million.” (Previously, for unknown reasons, they would not openly acknowledge the cost after deducting BN College’s cash on […]
