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.