Barnes & Noble CEO William Lynch resigns, effective immediately

Shawn Knight

Posts: 12,695   +124
Staff member
Barnes & Noble announced on Monday that chief executive officer William Lynch has resigned, effective immediately. No reason was given for his sudden departure although one could likely surmise that it may have something to do with the company’s recent...

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Skidmarksdeluxe

Posts: 8,645   +3,287
Tough. But that's how it goes when investors don't receive the conservative 1000% return they expect on their investment.
 

MilwaukeeMike

Posts: 3,213   +1,462
Tough. But that's how it goes when investors don't receive the conservative 1000% return they expect on their investment.
Perhaps... or maybe it's because of ..
.. a heavy push to expand the company?s Nook line of tablets. It?s a gamble that ultimately failed as Barnes & Noble revealed last month that losses in the division helped to wipe out profits generated at their retail bookstores.
And as an owner of a Nook I can say it had some big flaws. They put their own layer over Android and restricted Play store apps. You have to root it and load a custom ROM to use it like a normal tablet. Then it becomes a normal android tablet PLUS a good e-Reader because of B&N custom reading apps like their kids material 'Read-to-me' books.

I don't think tablets failed them, I think their tablet got it wrong. Oh... and the Nexus 7 came out 4 months afterward and cost the same without the restrictions. That didn't help either.