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Posts Tagged ‘Gary Rautenstrauch’

Rautenstrauch Leaving AMS?

That’s what PW Daily’s Jim Milliot is reporting in the wake of Baker & Taylor ‘s takeover of AMS assets. With the deal done, AMS CEO Gary Rautenstrauch was eligible to receive 70% of a bonus tied to the closing of the purchase, but it also meant that Rautenstrauch was out of a job since AMS intended to terminate Rautenstrauch when the deal was completed. No one at AMS was available to comment to Milliot on whether Rautenstrauch has indeed left.

The full announcement of B&T’s approved acquisition is also available, with more details on where business will take place. Baker & Taylor Marketing Services (the new name for the consolidated AMS) will continue to keep its primary office in San Diego and operate warehouses in Indianapolis, Indiana and Sacramento, California.

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A Brief, Somewhat Turbulent History of AMS

As the Advanced Marketing Services Chapter 11 Filing takes more twists and turns (many of them appear in a post below) it’s helpful to turn the clock back a few years and go through the accounting scandals, fraudulent claims, federal investigations, criminal charges, civil actions, guilty pleas and resignations that have dogged AMS for years – and are almost certainly the strongest mitigating factors leading to their bankruptcy filing. What emerges is a story of a company that preferred self-aggrandizement to truth, bold claims instead of realistic expectations and a ship that started sinking years ago until the wreckage became so decimated that the only real recourse, especially for suddenly-struggling independent publishers, is to splinter and start over.

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