"I'm personally glad they're getting exposed. It sounds like certain people got on a big power trip and took it out on too many good people. They must've known one day it would catch up with them."
I personally don't think that people (in New York) got on a power trip, which led them to slicing down 1800 (or more, who knows?) booksellers last February. I think it was probably Demos the Great, who can read a P&L as good as anybody, and rather coldly ordered Black Monday. Thankfully, Demos the Great is now Demos the Unemployable, the stiletto delivered, no doubt, by Len Riggio. Now, Len Riggio, owner of racehorses and Murano glass chandeliers, is probably not a gigantic Friend of the Working Man, but then, he did build the company into what it became, and I myself have a soft spot for Len.
The problem now is cold economics. When things start going south, people in charge start panicking, and they do things that they normally wouldn't do. Two things are going to happen--BN is going to run out of money, or they won't. If they do, everybody still there is going to get plenty hurt. When the paychecks start bouncing, it's going to be a dedicated bookseller indeed who will continue to show up for work to mark everything down. If BN doesn't run out of money, maybe, just maybe, they can slog along, and not lay anybody else off.
I wouldn't bet on it. Len's getting old and wants to cash out. The next Demos the Great is waiting in the wings.