Barnes & Noble Abruptly Fires CEO, Won’t Say Why

MarketWatch reports:

Barnes & Noble Inc. has fired Chief Executive Demos Parneros, citing company policy violations. The bookseller said Tuesday that Parneros won’t receive any severance pay and that he is no longer a board member. Barnes & Noble didn’t disclose what rules Parneros may have violated, but said the decision wasn’t tied to any disagreement over financial reporting or any potential fraud. A group of current executives, including Chief Financial Officer Allen Lindstrom, will share CEO duties on a temporary basis until a replacement to Parneros is hired, the company said.