Barnes & Noble Fires Its CEO Without Severance Pay
- Book and gift seller declines to say why he’d been terminated
- High-level executives at a slew of companies have been ousted
Demos Parneros in 2011.
Photographer: Paul Taggart/Bloomberg
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Barnes & Noble Inc. fired Chief Executive Officer Demos Parneros for violating company policies and said he’ll exit the post without severance.
A spokeswoman declined to say why he’d been terminated. It was “not due to any disagreement with the company regarding its financial reporting, policies or practices or any potential fraud,” the company said in a statement Tuesday.