This is the arrogant and discriminatory statement that kills a business. The once proud giant bookseller calls off the auction to sell the remaining 399 stores open around the nation. because potential buyers are not interested to bid on a highly overpriced company with a bad reputation. Borders is not big enough either to compel the government for a bail out measure that is not a viable option during the ceiling debt debates.
However, the judge overseeing the bankruptcy, along with the IRS and the FBI should look deep into the accounting books and owner's assets for possible deliberated wrong measures to drive the company down. This can easily be another case like EMRON where we see the typical rich entrepreneur, poor enterprises.
Years of complacency, bad management, lack of vision, and disregard for local authors and their events look definitely suspicious when we see highly paid executives and barely paid employees. The tragedy is always for the workers, who kew about it and were just waiting for the last page of this horror book to be turned. Unwelcome news for our already debilitated economy with thousands more at the unemployment line.
We can only hope that the remaining booksellers learn this lesson and let everyone involved in literary industry have their fare share in the business by helping each other.
Amazon and Google do not discriminate and have every single book, author, and publisher available in every format for every kind of reader. Powerful authors like J.K. Rowlins are now launching their own stores and many more like me are independently selling our books in our websites, because we don't want to depend, let alone rely on companies like Borders and ultimately:
"Authors reserve the right to sell our books to the stores of our choice."
You always reap what you sow and who is sorry now Borders? Certainly not the authors because we are still writing and publishing, but you are gone for good.
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