Sunday, May 15, 2005

A good week for shareholders

Icahn's winning of seats on Blockbuster's board is definitely a great victory for shareholder democracy. At most public firms, this democracy still resembles a banana republic. Hopefully this will be a turning point.

Now that Blockbuster CEO's compensation will be cut from its indecent levels, there is hope for the 3 Blockbuster outlets in my neighborhood that have potholed / dimly-lit parking lots.

Icahn also announced stakes in HP and Siebel. That should definitely be good news for the respective shareholders.


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