Barnes & Noble fires its CEO without severance pay

High-level executives at a slew of consumer companies have been ousted in recent months amid allegations of improper conduct, including leaders at Nike Inc., Lululemon Athletica Inc., Guess Inc. and Tapestry Inc.’s Stuart Weitzman. Barnes & Noble said the board chose to terminate Parneros under advisement by the law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP, without specifying what prompted the action.