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Impact Of Unusual Blockbuster "Split Vote" Uncertain

Taub Stephen | May 24, 2005

One day before its May 11 annual meeting, $6 billion video rental chain Blockbuster issued unusual advice to its shareholders: It instructed them how to vote for some of the dissident director nominees vying for positions on the board.

More specifically, the embattled video rental company detailed how shareholders could “split” their proxies and vote for members of its slate and the slate headed by one-time corporate raider Carl Icahn.


“This is really the first time to my knowledge this kind of voting was asked for,” asserts Chip Pasfield, vice...

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