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Re: “Cody's Books Closes Permanently

"Al in Berkeley" is right. Cody's was killed by that neurotic pseudo-liberal yuppie and his hollow expansionist vision of turning Cody's into a Whole Foods inspired chain. 4th street Berkeley was one thing but to open at 2nd/Stockton in San Francisco while closing the flagship store? Hmph! And why did he close the flagship store? Because he saw that at an opportunity to sell the business office space he owned next door to the rented space where the Cody's books store was on Telegraph right before the property market tanked based on his inside information. He, not on purpose, but because he doesn't know any better, runs his store into the ground through his own bad business practices, drives the book store's creditors mad but all the while he's thinking of a way to get out because his owned office building next door happed to appreciate in value.

One can't say that he committed any gross sins or broke the laws...but he did NOT do the right thing(s) to prevent the closing of a necessary community institution.

Posted by vladio on 07/01/2008 at 10:51 PM

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