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Barnes & Noble chief executive gets 2011 compensation worth $10M, up from $1.6M The CEO of bookstore chain Barnes & Noble’s compensation skyrocketed to $10 million from just $1.6 million last year, due to a hefty stock option grant, as the company sought to compensate William Lynch for his work on expanding Barnes & Noble’s digital business. But a filing with the Securities and Exchange Commission shows the company planned to give CEO William Lynch double the $5.3 million in stock options it granted, but found it couldn’t due to its 2009 incentive plan rules. Lynch, 42, received a base salary of $1.1 million, up 22 percent from his base salary of $900,000 last year. He received a $450,000 bonus and other compensation of $32,750 for insurance and retirement payments, a car allowance and relocation costs. Source: Washington Post

Barnes & Noble chief executive gets 2011 compensation worth $10M, up from $1.6M

The CEO of bookstore chain Barnes & Noble’s compensation skyrocketed to $10 million from just $1.6 million last year, due to a hefty stock option grant, as the company sought to compensate William Lynch for his work on expanding Barnes & Noble’s digital business.

But a filing with the Securities and Exchange Commission shows the company planned to give CEO William Lynch double the $5.3 million in stock options it granted, but found it couldn’t due to its 2009 incentive plan rules.

Lynch, 42, received a base salary of $1.1 million, up 22 percent from his base salary of $900,000 last year. He received a $450,000 bonus and other compensation of $32,750 for insurance and retirement payments, a car allowance and relocation costs.

Source: Washington Post

(via fuckahyphen-deactivated20121216)

Filed under Barnes & Noble's Business Money Compensation Securities Exchange

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