"Leonard S. Riggio" is an American businessperson/businessman and entrepreneur. He serves as executive chairman of book store chain Barnes & Noble and has been its largest shareholder since purchasing the company in 1971. Under his leadership the company expanded significantly from a single retail location on 105 Fifth Avenue, New York to a nationwide chain with 600+ stores.

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Tracks are grabbing at this like it's a panacea. I'm concerned it's not the answer.

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We were obviously disappointed by sales for this holiday season, particularly because we had been outperforming the retail sector as a whole for the previous nine months.

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The joy of an afternoon at the races now means being in the owner's box of a very empty racetrack.

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Our strong commitment to continuing to create shareholder value is evidenced by the declaration of our first ever cash dividend. This dividend, supported by the company's excellent free cash flow and strong balance sheet, reflects our confidence in the future growth of Barnes & Noble.

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Our record third-quarter retail earnings were fueled by industry-leading comparable-store sales and illustrate our ability to execute in this market sector.

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The good news is that sales for January seem to be right on track with our previous forecast of 4 percent -- not enough to make up for the holiday shortfall, but a good sign nonetheless.

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By terminating the acquisition, we now have available the $600 million for other strategic investments and acquisitions, .

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We believe Steve is one of the most visionary, experienced and capable leaders in the world of e-commerce.

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We're not hurting at this moment for management or for vision.

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