This week, Barnes & Noble announced the appointment of Michael Huseby as CEO. He came out of semi-retirement to join the company March 12, 2012 as Chief Financial Officer. When William Lynch’s was dismissed as CEO last July, Huseby was put in place as acting CEO of the NOOK division and president of Barnes & Noble. The act is now over and he’s the real CEO, with responsibility for all of Barnes & Noble’s (somewhat fragmented) businesses: Barnes & Noble Retail, Barnes & Noble College and NOOK Media.
What’s Huseby’s background? Most significantly senior financial roles at Cablevision Systems, Charter Communications, and during the merger of AT&T Broadband with Comcast Corporation in 2002.
According to the Wall Street Journal, “Mr. Huseby said he left Cablevision after the AMC spinoff closed at the end of June, which allowed him to spend the rest of the summer with his two teenage sons.” Hmm. A 58-year-old rich guy, who has realized that his teenage sons are growing up without him, decides to take a job in retail. Why would he do that?
The media followed the party line: Bloomberg: “Barnes & Noble Names CFO With Spinoff experience.” The Wall Street Journal: “Bookseller Barnes & Nobel Hires …read more
Via: Digital Book World