Barnes & Noble retail CEO Mitchell Klipper sold off about two-thirds of his shares in the company between August 22 and August 26.
Following Barnes & Noble’s disappointing earnings report, an investor call Tuesday morning resulted in more questions than answers about the company’s future plans.
Barnes & Noble CEO William Lynch has resigned. Michael Huseby, who was the company’s CFO, takes over as CEO of Nook Media, while Mitchell Klipper remains CEO of retail.
Analysts asked Barnes & Noble some hard questions in an investor call Thursday, following an earnings report that showed Nook revenues down by 26 percent over last year.