Posts tagged Len Riggio
B&N shareholder: “No one is happy with Nook”
September 11, 2013 | 1:24 pm
Barnes & Noble had it annual shareholders meeting on Tuesday in New York City. It went as well as you would expect – in other words, not well at all. B&N chair and founder Len Riggio publically addressed shareholders for the first time since deciding not to purchase half of the company, according to Publishers Weekly. The meeting got a bit heated at one point. From Publishers Weekly: Riggio was genial, confident and expansive with individual shareholders though perhaps a bit testy with the institutional shareholders who pressured him repeatedly over the future of the Nook Media division. The Nook division has been struggling....
Is Barnes & Noble splitting from Nook Media?
February 25, 2013 | 10:26 am
Lots of rumors were flying last night about a split of Barnes & Noble. It's now been confirmed through an SEC filing that Len Riggio, current CEO of B&N, wants to buy the retail stores and BN.com. Nook Media and the college bookstores will remain a separate entity under current corporate leadership; Riggio doesn't want 'em. I can't imagine that this will end well. Many of the college bookstores are also retail stores (like the one at my son's college, Virginia Commonwealth University). Will there be separate retail terms for each entity? If so, that would be horribly inefficient. And how will...
Len Riggio defeats Burkle Barnes & Noble board bid
September 29, 2010 | 10:15 am
The Wall Street Journal reports that Ron Burkle has lost his bid to seat himself and his chosen nominees on Barnes & Noble’s board of directors. Barnes & Noble shareholders elected founder Len Riggio and his nominees for the other two available seats to the Board of Directors. Barnes & Noble is proceeding to auction itself off, and has said that Burkle’s Yucaipa Companies is welcome to submit its own bid to be considered alongside all the others. It is unclear what the results of the auction will bode for Barnes & Noble’s Nook (and, for...