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Blockbuster Inc. BBI, +6.00% departing Chairman and Chief Executive John Antioco, who battled with billionaire investor Carl Icahn over his compensation, received total … The $3.1 million represents a compromise, according to the filing. Kalanick has been vocal in his encouragement for such aggression and alpha male chest beating.
I’ve also held senior strategic roles in the Publicis Groupe.…For most of my career, I developed and managed media businesses in the emerging markets of Eastern Europe.
Antioco, who announced his plan on Tuesday to leave Blockbuster by the end of the year, also received $23,983 in all other compensation. Think about it, a huge portion of the revenue Blockbuster needed to stay in business was a revenue stream Netflix didn’t even have. Walmart’s conduct in the Mexican bribery scandal does appear to be outrageous (although, in some markets, the line between a bribe and a mandatory grease payment is often hopelessly blurred).And irrational standards will make it impossible for public companies to maintain any semblance of strategic continuity or long-term thinking. Indeed, it was likely with the resources at their disposal that if they had continued taking that strategic line, they would have crushed Netflix. Even Tumblr decreased in value by $230 million following its 2013 acquisition.Failed Republican leadership candidate Carly Fiorina became CEO of HP in 1999 and left the company in 2005. Antioco is best known for declining an offer, from Reed Hastings, to purchase Netflix for $50 million in 2000, while CEO of Blockbuster. Prior to his resignation, Uber had suffered a number of scandals, all of which were blamed largely on the culture Kalanick had implemented.
Keyes cut spending on Total Access, and while subscribers remained stable at 3.1 million, there was no growth, while Netflix continued to boom. The company’s stock price gained in 2006, but remains worth a small fraction of its high mark of nearly $30 a share in 2002. As of this writing, the net worth of Netflix is over 9.6 billion! With the exception of Tumblr, none of Yahoo’s acquisitions made so much as a ripple on the consumer radar. We've looked at 5 CEOs who really took their company to the brink - and even past it.Then, following some boardroom machinations, Antioco was pushed out and Keyes was brought in. Blockbuster COO Nick Shepherd sent Hasting’s office a kitchen sink the next day with a note that read simply, ‘Here’s your sink.’ The rational strategy for any executive would be to juice up earnings for a few years, collect some bonuses and then live out a luxurious existence sitting on boards and playing golf.Two of the CEO’s, Ballmer of Microsoft and Immelt of GE, took over from legendary leaders right before hard times hit in 2001, both of whom have had to deal with immense disruptions in the legacy businesses they inherited (PC’s in Microsoft’s case, finance in GE’s).That seems a bit thin to me. Blockbuster Inc. Chairman and Chief Executive John Antioco will leave by year-end after agreeing to a smaller 2006 bonus and resolving a dispute …