In hindsight, the bedazzled briefcases signaled the debacle ahead. Let's set aside the Best Picture envelope nestled inside that caused the ruckus. The topsy-turvy spectacle was triggered by these black attachès—adorned with the golden logos of the Oscars and PriceWaterhouseCooper. These swag-clad beauties were designed to draw attention to the power couple as the accounting partners sashayed down the red carpet. And therein lies the root cause of the problem. When your accountant walks the runway, leaders should run the other direction.
The CEO firing was direct and dismissive. Barnes & Noble didn't stick to the bland yet reliable “we’re moving in a different direction” script when it booted Chief Executive Officer Ron Boire. They didn’t give him a gentle heave-ho with the old standby “he’s stepping down to pursue different opportunities” tale. Instead, Barnes & Noble whacked their CEO in bold fashion. The core issue is trust. And trust is an endless dance.