This deal has ended.
Staples.com again has their Staples Brand Belmore Black Leather Manager's Chair for $39.99 after a $40 instant discount through 3/31. These are normally $80 though they do go on sale quite a bit and have been as low as $29.99. The chair is fully adjustable and the seat swivels and tilts. Delivery is free if you spend $50 or more, otherwise around $8.