beginning June 1, both the Borders eBook store and Borders eReading app will be branded Kobo ... Beginning June 1, customers with the Borders app will be able to easily move their Borders eBooks to their new Kobo eBook library.
a seminal part of our overall digital strategy, which we believe positions Borders to compete effectively in the eReading market without a significant investment on the part of Borders.
Doug Pardee wrote:What's costing them more is buying the stuff (books, etc.) that they're selling. Why, I don't know.
The bonus plan was approved by the bankruptcy court, but bonuses will only be paid after Borders successfully emerges from bankruptcy, or is bought out by another party who will continue to operate Borders. It's only $6.6 million anyway, which is less than what Borders lost in one week in April.
Mira wrote:why wouldn't the Court give Borders an extension?
Mira wrote:I wonder what the imact of Borders closing will be? How might it affect Barnes and Noble?
On June 2, 2011, Michele M. Cloutier resigned as Executive Vice President and Chief Merchandising Officer of Borders Group, Inc.
Cloutier was one of five executives covered by Borders's key incentive bonus plan and stood to earn $100,000 if Borders hit certain target dates in either emerging from bankruptcy or arranging the sale of the retailer.
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