Quote:
Originally Posted by fjtorres
Could be.
But the same logic applies to alternate justifications.
Either way, Parneros is done in the executive job hunt circles...
...and their next CEO du jour will almost certainly come from inside--somebody already on the rolls--since what semi-competent exec from outside will willingly risk joining that circus? Everybody has a price but there may not be enough money left in the B&N line of credit to convince anybody to risk their entire career with that crew.
|
I mean they spell out what he didn't do. And they took this action at 4:30 on July 3rd. Clearly trying to bury the story in the holiday press cycle.
But you're right, his days as a CEO are done. Lucky for him he's collected nearly 3 million all told from this gig, and presumably he had a plan from his former job.
As for B&N, who knows. They seem very invested in keeping the boat floating while at the same time totally uninterested in patching the holes that are causing it to sink. I can see them tossing away another million as a signing bonus, and someone biting since presumably it was through actions unbecoming of his position that Parneros was fired. And BN has shown with one of their recent CEOs that they're willing to say he just didn't fit what they wanted the company to become. So a new prospect would just have to behave and collect their paycheck. Should BN decide that new guy doesn't fit their future, well most other companies can look and see BNs future is bankruptcy.