Part 4/9:
Despite the overwhelming prevalence of zombie companies, some have triumphed against the odds. One of the most notable stories is that of Barnes & Noble. Once on the brink of bankruptcy in 2010, the company was taken over by Elliott Management in 2018, sparking a remarkable turnaround under CEO James Daunt's leadership. Daunt focused on decentralizing store operations, allowing individual locations to tailor their offerings to local tastes while cutting down on head office costs.