The Globe and Mail reports in its Thursday, June 29, edition that Indigo Books & Music has reported a nearly $50-million annual loss, after a "turbulent year." The Globe's Susan Krashinsky Robertson writes that the earnings report follows the sudden exodus earlier this month of nearly half of the company's board of directors, as well as allegations of mistreatment by one director. Indigo has now appointed three new directors to the board. Indigo also recently announced the impending retirement of founder and executive chairman Heather Reisman. The new board members are former Penguin Random House chief executive officer Markus Dohle; former Indigo president Joel Silver, who now serves as president and CEO of DavidsTea; and Donald Lewtas, a former executive with Onex -- which Indigo controlling shareholder (and Ms. Reisman's husband) Gerry Schwartz led as CEO for 40 years until his recent retirement. Indigo announced on June 7 that four of its 10 directors -- Frank Clegg, Howard Grosfield, Anne Marie O'Donovan and Dr. Chika Stacy Oriuwa -- had stepped down. Indigo said in a release at the time that Dr. Oriuwa resigned "because of her loss of confidence in board leadership and because of mistreatment."