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Barnes & Noble CEO paid $10 million in 2011

BY Katherine Boccaccio

New York — Barnes & Noble CEO William Lynch was compensated $10 million in 2011, compared to $1.6 million in 2010, according to a report by the Associated Press.

The difference is due to a large stock option grant, reported AP, as Barnes & Noble compensated Lynch for expanding the retailer’s digital business. However, an SEC filing revealed the retailer planned to pay Lynch double the $5.3 million in stock options it granted, but found it couldn’t due to its 2009 incentive plan rules.

Lynch was paid a base salary of $1.1 million, up 22% 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. His stock awards were worth $3.1 million and stock options were worth $5.3 million.

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Peet’s Coffee & Tea going private for $977.6 million

BY Katherine Boccaccio

Emeryville, Calif. — Coffee retailer Peet’s Coffee & Tea said it is being taken private for approximately $977.6 million.

German conglomerate Joh. A. Benckiser – a minority stakeholder in an international coffee and tea company D.E. Master Blenders 1753 – will reportedly pay a premium $73.50 per share, putting the deal’s total value at nearly $1 billion.

The current management and employees will remain with Peet’s, and its headquarters will stay in Emeryville, Calif. The acquisition, unanimously approved by Peet’s board, is expected to close in about three months.

Privately held Benckiser is the majority owner of Coty, and also owns Labelux, a luxury goods company with brands such as Jimmy Choo, Bally and Belstaff.

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The Little Clinic expands into Atlanta area with four new clinic openings

BY Michael Johnsen

Nashville — The Little Clinic on Monday announced the opening of two convenient care clinics within Kroger in the Atlanta area. Two additional clinic openings are slated for August, which would bring the total number of locations in Georgia to six.

“With the addition of four more locations in 2012, there will be a convenient location of The Little Clinic in several Atlanta-area communities,” stated Johnett Thompson, regional clinical director for The Little Clinic.

In related news, The Little Clinic also opened a location inside the Stapleton King Soopers store in Denver, Colo. There currently are 12 Little Clinic locations within King Soopers stores in Colorado.

The Little Clinic is a wholly owned subsidiary of Kroger.

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J.Hams says:
Dec-25-2012 08:32 am

I have a memory foam mattress and love it. I don't think its very hot, but then again my house is really cold even in the hot summers. The first night I didn't really like it but now I really, really lperature controlled. Ect. That just means that the spot you have been laying in gets really soft and comfy. The rest of the mattress will feet a lot harder and harder to the touch. Hope that helped and made sense!!! http://www.amerisleep.com/adjustable-beds.html

J.Hams says:
Dec-25-2012 08:32 am

I have a memory foam mattress and love it. I don't think its very hot, but then again my house is really cold even in the hot summers. The first night I didn't really like it but now I really, really lperature controlled. Ect. That just means that the spot you have been laying in gets really soft and comfy. The rest of the mattress will feet a lot harder and harder to the touch. Hope that helped and made sense!!! http://www.amerisleep.com/adjustable-beds.html

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