Dallas, Avote at this Wednesdayâ€™s annual meeting of Blockbuster, Inc. shareholders may mark a turning point in the troubled chainâ€™s internal affairs. The meeting, to be held in Dallas, will include a vote on whether to replace three directorsâ€”among them CEO John Antiocoâ€”with dissidents led by Blockbusterâ€™s largest shareholder Carl Icahn.
Icahn contends that Blockbuster is bleeding money while Antioco is collecting fat bonuses, a claim that Antioco vehemently has denied.
Even if Icahnâ€™s slate of directors sweeps, he wonâ€™t control enough board positions to control the company. However, Antioco has vowed to leave the company if he loses his board seat.