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March 23, 2010By Sarah Weinman

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

March 23, 2010By 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 […]

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Filed Under: Bookstores, Finance

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