Blockbuster Finish for Antioco

Farrell, Mike
March 2007
Multichannel News;3/26/2007, Vol. 28 Issue 13, p43
The article reports that chief executive officer (CEO) John Antioco of Blockbuster Inc. has been compelled by investors to step down at the end of 2007 in the U.S. Antioco has agreed to a severance package that will net him about $8 million, while corporate raider Carl Icahn has objected to a $7.7 million bonus Antioco was set to receive for fiscal 2006. According to Icahn, Antioco and the company have reached terms that are in the best interests of the stockholders. INSET: A TESTY SITUATION.


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