17 ms·
Actually, I wonder if this is really true. The thing is, a company like Barnes and Noble needs to roll a hard six. Hiring an experienced, competent executive th
by landryraccoon 9y ago
Actually, I wonder if this is really true. The thing is, a company like Barnes and Noble needs to roll a hard six. Hiring an experienced, competent executive they can afford who wants to work there and ticks off all the boxes etc.. might not be in the cards for them.
B&N needs to think like a Startup again. Vision and dreams might be more important than a Harvard MBA and 10 years of experience at BigCo, Inc. Remember, Barnes and Noble is default bankrupt right now. Their situation in some ways is more like that of a startup that needs to raise capital fast or die than Amazon or Google. That means that barring drastic changes, their trajectory intersects with the ground. Why not take a big chance? Who's more likely to bet big, a young dreamer who wants $100K and a ton of stock, or the experienced executive who wants $5M a year and is going to get majorly paid no matter what happens? They're going to lose everything as it stands anyway.