After the close of the market on Tuesday, Barnes & Noble announced that the board of directors “determined that [CEO Ron] Boire was not a good fit for the organization and that it was in the best interests of all parties for him to leave the company.” As a result, executive chairman Len Riggio will postpone his planned retirement this September “until a later date.” The undistinguished tenure of Boire lasted a little less than a year. In that time, the company failed to recover from the botched relaunch of their website and continue to lose online sales. They also failed to […]
