“The company did not specify exactly which policies were violated. It did say, however, that Parneros’ termination ‘is not due to any disagreement with the Company regarding its financial reporting, policies or practices or any potential fraud relating thereto.’
“Parneros will not receive any severance and is no longer a director on its board, the company said in its statement. Barnes & Noble said it fired Parneros under the advice of its law firm Paul, Weiss, Rifkind, Wharton & Garrison.”
Was it something like sexual harassment? Did he plan to short his stock in the company? Did he offend someone on the Board? Was he caught reading on a Kindle™ (h/t Patricia Sierra at the Passive Voice)? Yes? The Magic Eight-Ball is uncertain.
This probably won’t affect, or afflict, daily operations at B&N, but it is a reminder how fast the doors to the executive offices at big publishers and major book retailers can open and close.