Thursday, September 23, 2010

Worst case scenario: Barnes, Noble & Crosby

As a participant in the Barnes & Noble 401(k) plan, I have the right to vote in the annual meeting of stockholders on September 28, 2010. These are the notices I receive every year and promptly ignore. This year, they have launched an aggressive campaign that has made the shareholder meeting impossible to ignore. I have received two phone calls, 3 mailings, and a UPS-delivered letter telling me how important it is that I vote this year because someone named Ronald Burkle is trying to take control of the company. I have no idea what this is all about, so I read each of their pleas for my vote, then I decide to look up Mr. Burkle. I need go no further than Mr. Burkle's Wikipedia page where I find some shocking and horrific information that has suddenly made my decision in this matter very, very simple:

He is part owner of the Pittsburgh Penguins National Hockey League team...

Len Riggio, you have my full support in stopping Mr. Burkle. I only wish you had mentioned his unsavory NHL connections earlier so I could start my own campaign to let all NHL fans (outside of Pittsburgh city limits) know that someone involved with the Pittsburgh Penguins is trying to take over my reputable bookstore. It is my duty to try to put a stop to this and if Steve Riggio agrees to throw down the gloves with Ron Burkle, I might be inclined to go vote in person.

I fully expect Mr. Burkle to lose, whine about it and claim he's entitled, and then demand a recount from the referee.

1 comment:

Unknown said...

More on your dream guy Ronnie Burkle. Burkles legacy includes building more homes that turned out to be LEMONS than any other homebuilder in history. Just Google KB Home Sucks. Please post your complaints with this Burkle – who thought he was a homebuilder, just there to bilk Fanny and Freddy out of their mortgages along with, countrywide (aka kb home countrywide mortgage) , to the FTC Federal Trade Commission. The article sounds like another press release by KB Home. Enough with KB Home lies misleading the public and the government guess no one wants to do the sting on KB Homes deceptive practices not even the media since KB’s Board runs them too. KB Home ignores customer’s complaints and does not repair in a timely manner in TOTAL violation the 1979 FTC Consent order. What do you call timely? Still waiting after 20 months for KB Home to repair major defects? Where is the responsibility of KB Homes board including Stephen Bollenbach and Ron Burkle who are trying to control Barnes and Noble - Shareholders please say no to these 2 KB Home directors, it won't be beneficial to elect them to the board of B&N.