Blockbuster Details Pay if CEO Is Not Reelected - Los Angeles Times
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Blockbuster Details Pay if CEO Is Not Reelected

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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.

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