Dissidents infiltrate Blockbuster board

Sweeting, Paul
May 2005
Daily Variety;5/12/2005, Vol. 287 Issue 30, p4
Trade Publication
The article reports that Blockbuster Inc.'s shareholders have apparently swept Carl Icahn and his dissident state of directors onto the company's board ousting longtime chairman John Antioco and two other incumbents. At a confused and often confusing annual meeting Wednesday, Blockbuster general counsel Edward Stead said the official tally of votes for the board would not be available for several days but that it "appears that the dissident slate will be elected." A spokesman for Icahn at the meeting said the famed corporate raider would support such moves. Antioco had previously threatened to step down as chief executive if he was not re-elected to the board and it was unclear whether he had backed off that threat.


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