Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

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.



Pasfield

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

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.