Just earlier today, the CEO of the company fled from his position. We're not talking "quitting with a hope for a better tomorrow," but actually fleeing from the company. Yes, the bold and italics make it seem more dramatic, but it's just in its style. The stock (which was already pretty pathetic) plummeted down to less than a dollar in just a couple of hours of the announcement. Oh, great. If you do even a tiny amount of research, you'd know what company I'm currently (but not much longer) working for.
Being the only book company that doesn't have their own brand of e-Reader, and the only one that owes billions upon billions of dollars to third-party companies just to repay debts from years before, this chain (which I'm not at liberty to say, by the way - company policy; yay for anonymity!) was looking doom in its face for years now, but just today it really started to sink in. This company is tanking, and very quickly for that matter.
I'm really only writing this as a blog so I can look back on it in the coming months, and see where (if anywhere) the company stands. I highly doubt the brand name will be here past April, since that is when the hideous amounts of debt that can't possibly be paid are due. So, with that, I am going job searching tomorrow morning. Perhaps across the street to the #1 name in the bookselling business. We'll see.
Also, how in the heck do you "subscribe" to other bloggers on this thing? I have half the class following my blog, and I want to be a nice guy and follow you all back, but I have no idea how!
