Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Wednesday, February 28, 2007

Blockbuster Board Won't Pay CEO Full Bonus

A board with backbone?  The Blockbuster board, led by Carl Icahn, has told its CEO John Antioco that he won't get his full bonus of $ 7.65 million after the company reported a fourth quarter net income drop of 28%.  Instead, it said it will pay him a $ 2.28 million bonus, but only if he does not contest its decision. See WSJ, Icahn Seeks to Pare Bonus Of Blockbuster Chief.

http://lawprofessors.typepad.com/securities/2007/02/blockbuster_boa.html

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