Barnes & Noble to Pay Former CEO $4.8 Million

By Taylor Knight

Total Retail’s Take: Well, that softens the blow a bit. Boire made out with a payday four times his annual salary after being deemed “not a good fit” for Barnes & Noble. The company’s founder, Leonard Riggio, came out of retirement to serve as interim CEO and will keep this position while the company looks for a new leader. Riggio said the company won't rush to pick a new chief, and will look for an executive with some understanding of specialty retailing rather than a person with just a broad retail background.

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Taylor Knight Author's page Taylor Knight is an associate content editor for Target Marketing and Total Retail. She enjoys writing and creating video content to interact with an audience.