Latest Business News: With Declining Nook Sales, Lynch Steps Down As B&N's CEO

Wochit 1:03 mins

Barnes & Noble has just announced that William Lynch has resigned as CEO, effective immediately as the company commences "reviewing its current strategic plan and will provide an update when appropriate." Shareholder advisory firm Glass Lewis joined ISS in recommending that Dell stockholders vote in favor of CEO Michael Dell's $24.4 billion offer to take over the ailing PC maker. Investors in the company, several of which have pushed for better terms from the company's founder and private equity house Silver Lake, are scheduled to vote on the offer July 18. Clearwire Corp. says its shareholders have voted in favor of selling the rest of its shares to majority owner Sprint Nextel Corp. Sprint hopes the deal will make it more competitive with bigger rivals Verizon Wireless and AT&T Inc. It had to raise its original bid to $5 per share for Clearwire to overcome a competing bid from Dish Network.

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