Leonard Riggio

Founders Taking Their Firms Private: A New Wall Street Trend?

Barnes & Noble's Leonard Riggio, Dell's Michael Dell and Best Buy's Richard Schulze each want to save the troubled companies they founded from the pains of publicly traded life. But is this trend powered by sound thinking, or wishful thinking?

Barnes & Noble Chair Leonard Riggio Wants to Buy Retail Business

Barnes & Noble founder and chairman Leonard Riggio has told the book seller he is going to try to buy the company's retail business. The news sent shares up more than 17 percent in premarket trading. Riggio said he does not want to acquire the Nook e-reader business or the company's college bookstores.

Borders' Bid for B&N Will Go Nowhere Fast

When Barnes & Noble announced it was looking for a buyer, we entertained the fanciful notion that its smaller rival, struggling book retailer Borders, might put in a bid. As absurd as the idea was, that buyout offer has been made. Here's why it has virtually no chance of succeeding.

Barnes & Noble Shareholders Rubber-Stamp Poison Pill

Back in September, billionaire Ron Burkle lost his proxy war with Barnes & Noble's board, failing to kill the poison pill that kept him from upping his stake in the company. That made Wednesday's shareholders meeting all but a formality. But what's next for the nation's largest bookseller?

How a New SEC Rule Could Help Ron Burkle Gain Control of B&N

Barnes & Noble successfully defended itself in a proxy fight with billionaire Ron Burkle, who wants to gain control over the troubled bookseller. But Burkle hasn't given up, and a new SEC "shareholder access" rule could help in his quest.

Is the Barnes & Noble Brawl Over Now? Probably Not

A bitter and extended proxy fight climaxed at Tuesday's shareholder meeting. In the end, B&N Chairman Riggio's defeat of dissident shareholder Burkle was more fait accompli than 11th-hour surprise. And it served far more to raise questions than provide answers.

B&N's Proxy Fight Grows Even More Divisive

The 33% of independent shareholders are relying on proxy advisory firms to recommend which slate of directors to vote for. But those firms are as split as the main adversaries, B&N Chairman Len Riggio and dissident shareholder Ron Burkle.

Barnes & Noble Stock Gets Downgraded as Proxy Battle Looms

With less than two weeks to go in the bitter proxy contest between Barnes & Noble founder Leonard Riggio and billionaire Ron Burkle, one key analyst has changed his outlook on the company's stock for the worse and a leading proxy advisory firm has sided with the Riggio camp.

Burkle Says He's Not After Control of B&N

Investor Ron Burkle, who's embroiled in a proxy fight at Barnes & Noble, says he doesn't want control of the bookseller. His Yucaipa Companies owns 18.8% of the company and claims in a letter that he wants Chairman Leonard Riggio's hold on Barnes & Noble broken.

Barnes & Noble Kicks Off Proxy Fight With Burkle

Barnes & Noble's board has sent a letter to shareholders urging them to vote to rebuff investor Ron Burkle's battle to control the bookseller. The letter is part of annual-meeting materials B&N mailed to shareholders, formally launching its proxy battle.

Barnes & Noble's Founder Digs in for Proxy Fight

Ron Burkle may have drawn first blood in the proxy fight that now looks all but inevitable at Barnes & Noble's annual shareholders meeting next month, but founder and chairman Leonard Riggio is not about to back down. In fact, Riggio's increasing his stock holdings and staying on the board of directors ballot while two others vacate their seats.

Ron Burkle, Barnes & Noble Hit a Snag

Barnes & Noble and its second-largest shareholder, billionaire Ron Burkle, appears to be over. The two camps have reached a settlement that would give Burkle three board seats in exchange for dropping his lawsuit against the bookseller.

Barnes & Noble Fights Big Investor in Court

The ongoing battle between Barnes & Noble and its second-largest shareholder, Ron Burkle, has recently escalated. Things have gotten so bad that both sides have now landed in the courtroom.

Why Going Private Could Be Barnes & Noble's Best Bet

With its stock plunging and the trial between key shareholder Ron Burkle and top company executives about to take place in court, signs point ever more clearly to the possibility that Barnes & Noble will go private. And that just might be the best step for the company to take.

Burkle Fights Barnes & Noble's Rejection

Billionaire Ron Burkle is still fighting Barnes & Noble's rejection of his bid to buy up a mountain of stock late last year, complaining in a letter to the board filed with the SEC that the board is trying to protect the financial interests of chairman Leonard Riggio and CEO Steve Riggio.

Ron Burkle Sets His Sights on Barnes & Noble

Billionaire investor Ron Burkle has set his sights on Barnes & Noble. He wants a 37% share in the book retailer, but poison pill rules limit his maneuvering room. So he's fired off a letter to the board seeking a rule change.