So long long long time employees have raised a theory that caught my ear about the excessive (even from the ears of a local regional) returns/labor reduction that Follett may be getting ready to make a bid to be the only horse and buggy manufacturer in the Model T age with the acquisition of B&N College Bookstores services (may have gotten the name wrong, but it is a separate division from the standard retail operations.) This has been a -long- running suspicion that comes up now and again. I think it's the usual "the vigorous beatings of the dead horse will make it appear to all outsiders that the horse is still alive" but is there truth to this?
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I think it’s more likely they are getting ready to sell to Amazon than buy the B&N College stores.
As a former Follett and current BNC employee, this is not going to happen. It better not, it's so nice over here.
I think what's going on is a rich bloated family is struggling to be big shots. Do you really want to be the king of a dying business? The last buggy manufacturer in the US? Family is paying dividends to a larger and larger group than ever. Dividends getting smaller. Some in the family feel that shouldn't have to work, dividends should support them. Understand the Chairman is only there as a liaison with the family. TD, I my Porsche broke down, I need a special disbursement. In 2013 if they had done NOTHING they would be way ahead of the position they're in right now. I always felt MLS really punked the family.