BKS, daily
Summary
So, the CEO has got the kick (regardless of whether some might argue for the term 'let go', 'moved on' or 'replaced', after having been paid $4 million in 2012.
As many recognise...bad work at the CEO/CFO level still results in good pay/benefits. If that doesn't inspire you with hope for the 'new capitilism', I don't know what will.
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Seriously though, BKS remains a loss making and dreadfully managed company. Every book sold results in a loss to shareholders, and there is ZERO sign that management are going to address the underlying lack of profitability any time soon.
Indeed, their utterly failed foray into E-books was a classic example of a group of people meddling in a separate industry, for which they had zero expertise/understanding.
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BKS remains a failing company, and until they either reduce their costs, and/or increase prices, they are in long term...trouble.
