• Skip to main content
  • Skip to primary sidebar
  • Login
  • Register

Publishers Lunch

The Publishing Industry's Daily Essential Read

  • Publishers Marketplace
  • Site Guide
  • Help

Both BN CEO Lynch and Retail CEO Klipper Get Same Compensation Package: 900K Base Salary, 500K Shares

March 23, 2010
By Sarah Weinman

Two filings with the SEC offer a look both at what CEO William Lynch will earn as Barnes & Noble’s new CEO and how Mitchell Klipper’s promotion gives him a much greater role in the company. Lynch’s three-year-deal with B&N will bring in an annual base pay of $900,000 (with eligibility for  bonuses with a target of “not less than” 150% of base pay.) Lynch will also receive 500,000 shares of B&N stock and have options to buy another 500,000 shares. Klipper, however, will get virtually the same compensation package, underscoring that B&N views his new position as CEO of […]

Login to read full story

Filed Under: Bookstores, Finance

sidebar

Primary Free Sidebar

Login


Forgot password
Quick Pass users click here to log in
Get Full Access
The publishing industry's essential daily read

Each Publishers Lunch Deluxe subscription includes full access to our searchable multi-year archive of industry news, a nightly email reporting 10 to 50 deal transactions, and our database of industry contacts, scripts, and posting privileges.

Learn More

RSS Automat

  • New Contributing Writers to The Washington Post's Book World October 3, 2023 Washington Post
  • How Lester Del Rey "Invented Fantasy Fiction As We Know It" October 2, 2023 Dan Sinykin Excerpt, Slate
  • John Grisham's "Enduring Charm" October 2, 2023 Time
  • Michael Lewis Writes Sam Bankman-Fried "Was Told" Trump Wouid Drop Out of Presidential Race for $5 Billion October 2, 2023 Washington Post
  • If or When Amazon Wants to Identify Books Made By AI, Software Detection Companies Say They Are Ready September 29, 2023 Wired
  • Cundhill History Prize Shortlist Announced September 28, 2023 Prize site
  • Nobel for Literature to be Announced October 5 September 28, 2023 NYT
  • With Sales Down 30% on Book Bans, Levine Querido Authors Raise Over $100,000 In Auction September 27, 2023 PW
  • Taylor & Francis to Make Voluntary Separation Offer; Threatens Layoffs to Follow September 25, 2023 Bookseller
  • Rupert Murdoch to Retire from News Corp and Fox Boards September 21, 2023 NYT
© 2023 Publishers Lunch. All Rights Reserved.