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Barnes & Noble fires CEO Demos Parneros

Barnes & Noble logo
Photo: Noam Galai/WireImage

Barnes & Noble announced Tuesday that it has terminated its CEO, Demos Parneros, for violating company policies.

The details: In a statement, the bookstore chain didn’t specify what policies Parneros violated, but it pointed out that his termination "is not due to any disagreement with the Company regarding its financial reporting, policies or practices or any potential fraud relating thereto." The company added that it will soon begin its search for a new CEO.

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