Like rats off a sinking ship?


Barnes & Noble founder and chairman Leo Riggio just sold off 3.7 million shares in the company but is still the largest shareholder with 20%. This follows a sell off by Liberty Media, which reduced its interest from 17% to just 1.7%. Share prices dropped about 4% after Riggio’s action. It shouldn’t really come as a big surprise that when a general marches to the rear, the rest of the troops are likely to get edgy.