Beverly Hills billionaire Ron Burkle may be, or not win the fight in favor of Barnes & Noble (NYSE: BKS), the three Board seats, but no doubt he lost the war. The company's annual meeting in less than a week away, and shares fell more than 5 percent this morning, or better than 30 percent of the drop of a 52 week high. Suggests that investors vote to replace him will come out of this, and costly proxy fight with your feet waiting for a solution. If resolution is possible - Service Agent muddied the waters of the institutional shareholder advisory business through Barnes & Noble recommendation to shareholders this week to select a list of candidates Burkle, the billionaire investor there "have shown evidence that what justifies the change was crucial to BKS." A week ago, and The other two consulting companies and agents to recommend a list of shareholders of the company. International Space Station, in general, three (Institutional shareholders of any company recommended binding vote) influential, however, not the International Space Station early selection of the wind, and even loss of the party.
All these cross currents become only confirm what is also clear: the list of candidates to offer much hope for beleaguered bookseller. The Wall Street Journal was heard on the street:
Ron Burkle is true and B & N chairman Leonard Riggio, B & N much to improve the outlook in the coming years will want to do. renew a book being sold, as well as the physical book sales in general electronic form through the book to move Amazon.com. proven true as both music and videos, and retailers in this transformation, is bad news for bricks and mortar. B & N still alive, if a player is less than.
Why this interest in Burkle opportunistic usually sunk assured response to any (man this is not a fan of the book) is one of the questions. Apart from taking a shot from the current administration, Burkle retail stores do not provide the capacity to survive a lot of ideas about strategy. How, for example, that 400 renewal leases that come up now and April 2014 while he worked? What about 720 additional stores 10-15 years locked in long-term lease? quickly on the scene through the distribution of e-books, all possible with this place? Burkle company sells books, mixture of supermarkets, which has the old stomping reasoning is? 24 / 7 Wall Street Journal:
Barnes & Noble is the market value of about $ 971 million. Lord knows what will be if he did not claim that there would be retail sales. Amazon.com, by contrast, has about 67 million dollars in market value. As the Wall Street Journal said recently, in 2001, and Barnes & Noble was 2.2 billion U.S. dollars, and Amazon is worth 3.6 million dollars. And as if it was not enough, Barnes & Noble has decided to destroy the family shareholder value. Leonard Riggio, founder and chairman of the board of directors of the company, and the Stephen Riggio, vice president, and brother together owned about 32% of the shares of the company. Reggio and run his company into the ground. Burkle is the right of the company's management, such as a personal piggybank, and insufficient control of the Council. But the mystery is why is it still bothering address the problem.
the lack of a better explanation, perhaps there is a lot of people involved. In other words, Burkle and Reggio do not love each other very much. When the shareholders of institutions such as the cluster (Reggio became a potential buyer) to develop the company, Reggio Burkle said in a letter "that I do not do this. It is not right for a company and a great reputation is the" New York Journal.
Reggio does not respond to a letter, but expressed dismay. Burkle to his belief in "prestige" and especially the rich debate he said. email to a member of the Governing Council, participated in the past to about Reggio, the Burkle Bill Clinton, and how the relationship "at the end of the day open doors" of debt, access to that boasted. "I said to see himself as a human ',' Maybe this link due to its former president, wrote that" Reggio. "This was proof to all my growing suspicion I was delusional." Reggio also complained that "the greatest sales and a" source of investment Handala are destructive. "Then I realized that I know and believe that now," Riggio wrote: "This man really believed that all things are distasteful and utopia. And, therefore, incomplete and not entirely the same, like a lot is at stake in the game."
All these cross currents become only confirm what is also clear: the list of candidates to offer much hope for beleaguered bookseller. The Wall Street Journal was heard on the street:
Ron Burkle is true and B & N chairman Leonard Riggio, B & N much to improve the outlook in the coming years will want to do. renew a book being sold, as well as the physical book sales in general electronic form through the book to move Amazon.com. proven true as both music and videos, and retailers in this transformation, is bad news for bricks and mortar. B & N still alive, if a player is less than.
Why this interest in Burkle opportunistic usually sunk assured response to any (man this is not a fan of the book) is one of the questions. Apart from taking a shot from the current administration, Burkle retail stores do not provide the capacity to survive a lot of ideas about strategy. How, for example, that 400 renewal leases that come up now and April 2014 while he worked? What about 720 additional stores 10-15 years locked in long-term lease? quickly on the scene through the distribution of e-books, all possible with this place? Burkle company sells books, mixture of supermarkets, which has the old stomping reasoning is? 24 / 7 Wall Street Journal:
Barnes & Noble is the market value of about $ 971 million. Lord knows what will be if he did not claim that there would be retail sales. Amazon.com, by contrast, has about 67 million dollars in market value. As the Wall Street Journal said recently, in 2001, and Barnes & Noble was 2.2 billion U.S. dollars, and Amazon is worth 3.6 million dollars. And as if it was not enough, Barnes & Noble has decided to destroy the family shareholder value. Leonard Riggio, founder and chairman of the board of directors of the company, and the Stephen Riggio, vice president, and brother together owned about 32% of the shares of the company. Reggio and run his company into the ground. Burkle is the right of the company's management, such as a personal piggybank, and insufficient control of the Council. But the mystery is why is it still bothering address the problem.
the lack of a better explanation, perhaps there is a lot of people involved. In other words, Burkle and Reggio do not love each other very much. When the shareholders of institutions such as the cluster (Reggio became a potential buyer) to develop the company, Reggio Burkle said in a letter "that I do not do this. It is not right for a company and a great reputation is the" New York Journal.
Reggio does not respond to a letter, but expressed dismay. Burkle to his belief in "prestige" and especially the rich debate he said. email to a member of the Governing Council, participated in the past to about Reggio, the Burkle Bill Clinton, and how the relationship "at the end of the day open doors" of debt, access to that boasted. "I said to see himself as a human ',' Maybe this link due to its former president, wrote that" Reggio. "This was proof to all my growing suspicion I was delusional." Reggio also complained that "the greatest sales and a" source of investment Handala are destructive. "Then I realized that I know and believe that now," Riggio wrote: "This man really believed that all things are distasteful and utopia. And, therefore, incomplete and not entirely the same, like a lot is at stake in the game."
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