Fired Barnes & Noble CEO to get £3.9m pay-off after less than a year

Ron Boire, the former CEO of bookseller Barnes & Noble, who was fired this August after less than a year in the job, will receive a £3.9million pay-off to end all claims both parties are making against each other – a recent regulatory filing has revealed.

Boire became the third CEO to leave the firm in three years after the company deemed he “was not a good fit”.

The filing says it “regrets that things did not work out for the longer term” with Boire – Fortune reports.

Boire’s firing was never explicitly stated but Leonard Riggio, Founder of Barnes & Noble, told Fortune on a conference call this September: “[Barnes & Noble] “shot itself in the foot somewhat by making unprecedented inventory reductions.”