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Borders CEO Exits Comfortably

Former Borders CEO George Jones received a solid farewell gift, Bookseller reports. Based on SEC filings, Jones will make “18 months’ base salary plus ‘target bonus,’ plus 75% of his promised retention bonus worth some $500,000.”

According to the filing, incoming CEO Ron Marshall will make a $750,000 salary with a $250,000 signing bonus and “2,000,000 options to purchase Company common stock.” In contrast, the newly-appinted Chief Financial Officer Mark Bierley will receive a $375,000 salary and newly-appointed Executive Vice President of Merchandising and Marketing Anne Kubek will receive a $325,000 salary.

All this comes after an 11.7 percent drop in sales and a $1 million lawsuit filed by Jasmine-Jade Enterprises over “excessive” book orders, as GalleyCat reported this morning.

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Lauren Berger Writes New Book for Young People Entering "Real World"

Lauren Berger Welcome to the Real WorldCareer Expert, Lauren Berger, releases her second book, Welcome to the Real World: Finding Your Place, Perfecting Your Work, and Turning Your Job Into Your Dream Career (Harper Business), on April 22nd. In this book, Berger shares everything she wishes someone told her after graduation. Her book is the essential guide to anyone starting their first, second, or third job. She encourages readers to be fearless, step outside of their comfort zones, and go after what they want.