Rock on!

Notes: Borders Exec Team 'Terminated'

Borders has "terminated" its senior executive team. Company President Mike Edwards and CFO Scott Henry were dismissed effective July 29, according to an SEC filing. Holly Felder Etlin, managing director of AlixPartners--which has been providing financial restructuring and bankruptcy reorganization advisory services to Borders--was appointed temporary company president. Glen Tomaszewski, Borders v-p, chief accounting officer and controller, will serve as treasurer.