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Antioco stepping down from Blockbuster post


March 21, 2007 After a decade at the helm, John Antioco is leaving the post of chairman and CEO of Blockbuster Inc. by year's end after a dispute over his bonus with the board of directors led by Carl Icahn. Blockbuster didn't immediately tap a successor, with sources close to the video rental giant saying Tuesday that the deal with Antioco gives the board enough time to find someone for the top post. Maintaining his "buy" rating and $9 price target on the stock, Wedbush Morgan Securities analyst Michael Pachter said Antioco is "a valuable asset (serving as CEO since 1997), and he's done the right things at Blockbuster."

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