Staples CEO is Stepping Down After Office Depot Merger Fail

President and CEO of Staples Ronald L. Sargent poses in the lobby of the company's headquarters in Framingham, Mass. Monday, Aug. 16, 2004. Staples' second-quarter profit grew 39 percent and beat Wall Street expectations. The company says sales grew across its office products portfolio -- from retail stores, to Staples' delivered products and European business. (AP Photo/Lisa Poole)