Blockbuster Details Pay if CEO Is Not Reelected
From Bloomberg News
Blockbuster Inc. said Chief Executive John Antioco would receive about $54 million in payments under his employment contract if he is not reelected to the board.
The executive wants to stay with the company and earn his compensation, Dallas-based Blockbuster said.
Carl Icahn, the company’s largest shareholder, has proposed an alternative slate of three directors for the vote scheduled for next month.
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.
