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March 7, 2007

All Business: Blockbuster gives rare view of boardroom backbone

  • Cutting the CEO's incentive-based bonus may be the first wave of a changing tide regarding executive compensation.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — No wonder Blockbuster Inc.'s CEO is upset. Instead of rubber stamping a fat incentive-based bonus to him, the movie-rental chain's board decided to trim it big time.

    Even though pay for performance is supposed to be just that, few boards across corporate America exercise their power to lower bonus compensation when things aren't going as well as they think they should.


     
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