TITLE

Blockbuster's chief will exit if Icahn enters

AUTHOR(S)
McClintock, Pamela
PUB. DATE
April 2005
SOURCE
Daily Variety;4/28/2005, Vol. 287 Issue 19, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Blockbuster Inc.'s chairman and chief executive officer John Antioco has warned that he would resign if billionaire corporate raider Carl Icahn succeeds in booting him from the board forthcoming annual meeting. Icahn, the largest single shareholder of Blockbuster, has publicly lambasted Antioco for his performance and is seeking board seats for himself. According to Antioco, Icahn's presence would divide the Blockbuster board and result in dueling strategies for the company that would be untenable.
ACCESSION #
16914617

 

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