RSSBlockbuster's Antioco Out by End of Year
By the Betanews Staff | Published March 20, 2007, 11:58 AM
Blockbuster CEO John Antioco, who oversaw the company's transition into the online rental business, will leave the company by the end of this year after 10 years with the company. The announcement came at the same time as a settlement was reached on his end of year bonus, which was far less than Antioco sought. He would also receive, as part of his severance package, less than is stated in his contract.
Antioco led the push into online rentals after Netflix's success began to cut into the company's bottom line. The result has been a sweeping restructuring of the company, which has cut into profits. While it isn't exactly clear if the company's financial health had anything to do with the changes, billionaire investor Carl Icahn was said to have led the charge to reduce the bonus and his severance package.
Relax. It's just news related to the tech world - the news part has never been about beta information only - that would get REALLY boring fast. Blockbuster morphed it's brick and mortar business into a force in the online rentals world. Not many companies do that so well and quickly. They leveraged what they had and made it better using the internet - and this guy had a lot to do with it. In the end it's just tech news.
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|It's just news at some point. beta whatever.
There is only so much hardware/software news that can grab a headline. some are good, others aren't.
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|My point was that if it's not related to beta technology, then including it just decreases the signal/noise ratio of the site, making it less useful.
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|What exactly does this story have to do with anything "beta"?
Why, for instance, is the fact that Intel lost emails relevant to this site? Or that there is going to be yet another place to rent DVDs?
My understanding of (and the reason I valued) this site was because I could quickly find out about new software.
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