Note: Welcome to the first post in the Boards and Governance blog. Boards and Governance will be a regularly occurring blog by Joseph McCafferty, deputy editor of Compliance Week. He’ll cover corporate governance and proxy voting issues, executive compensation, and shareholder activism. He welcomes questions, comments, and statements from readers on corporate governance and shareholder activism and will address them here when appropriate. Readers can contact him at: jmccafferty@complianceweek.com.
Earlier this year bookseller Barnes & Noble gave its CEO William Lynch a hell of a raise. The package included a grant of one million stock options, which along with cash and other stock grants would have given Lynch a pay package—at least on paper—of $15.3 million, up from the $1.6 million he got last year. The board wanted to reward Lynch for his work on expanding Barnes & Noble’s digital business.
