In an exit interview with the Detroit News, CEO Mike Edwards confessed that the company had been “in perpetual crisis” during his tenure.
Here’s an excerpt from the article: “Edwards tried to keep the final week at the headquarters festive, with job fairs, resume writing workshops and champagne parties … He is an unemployed chief executive without a grudge and with a $125,000 severance check. He doesn’t know where he’s headed — perhaps Southern California or Oregon, where he led Lucy Activewear and Ellington Leather — but he said he has received job offers from companies impressed with his handling of Borders’ bankruptcy.”
No matter what you think about mega-bookstores or Borders management, this is a sad year for everyone who loves books. If you want to help, the Help Ex-Borders Employees page is collecting resources for these booksellers. (Via Julie Bosman)