Barnes & Noble Retail CEO Mitchell Klipper Sells 400,000 Shares

Posted Aug 28, 2013

Barnes & Noble retail CEO Mitchell Klipper has sold off a majority of his stock in the company over the past few days, according to an SEC filing.

Klipper sold around 400,000 shares, which is about two-thirds of his total stock in the company since August 22nd.  He was able to cash out around $5.5 million through that sale.

Last week, Barnes & Noble reported that they will not be spinning off the Nook e-reader division.

Barnes & Noble chairman Leonard Riggio also announced that he would no longer pursue a sale to take the retail stores private.

[Source: GigaOM]