This meeting of Blockbuster was held by Carl Icahn. He joined forces with several shareholders of Blockbuster to hold the meeting together, which was actually to obtain Blockbuster's agency rights.

The incident of Blockbuster this time is not only the media attention, but also the opponent of Blockbuster, but also the focus is always on.

At Netflix headquarters, after Reed Hastings received the news, he immediately began to pay attention to the news about Blockbuster.

After seeing Carl Icahn's interview, Reed Hastings couldn't help but sigh. As a competitor who had been fighting with Blockbuster for nearly seven years, the so-called person who knew the other party best might be the competitor.

This sentence is correct. Blockbuster and Netflix have been fighting each other for nearly seven years. Reed Hastings naturally knows John Antioco the most.

The entire Blockbuster has not collapsed yet. It is basically John Antioco who is holding on. Antioco wants Blockbuster to carry out online business, which has also made Reed Hastings worry.

However, seeing Antioco, before he could implement the plan, he was about to be dismissed by the entire Blockbuster, it also made Reed Hastings more vigilant.

Today’s Blockbuster is likely to be the lesson of Netflix. Blockbuster has been under too much resistance, so John Antioco is a little helpless in his attempt to change Blockbuster. A single online business has been delayed. It can be seen that those Wall Street investors do not care about the fate of Blockbuster at all. They only care about the benefits they have obtained and whether they will suffer losses!

This also made Reed Hastings think of Netflix. He had wanted to promote Netflix to conduct online video playback business before, but was opposed by Netflix shareholders, so it has not been implemented yet.

Reed Hastings saw the development of Renren Film and Television since its establishment. He could see that the online audio and video rental business is obviously behind compared to the online video business!

In other words, Netflix's business model is far inferior to Renren Film and Television, and today's Blockbuster sounded the alarm for Reed Hastings.

With a flash of eyes, Reed Hastings had a decision in his heart. He would not make Netflix the Blockbuster today, nor would he be kicked out of the company he founded like Jobs and Cisco!

In an instant, Reed Hastings made a decision about Netflix. He wanted to make some rectifications on Netflix's board of directors and also made business adjustments to Netflix. It is imperative to launch the online video business, but Reed Hastings will not be in a hurry to achieve success, and he will not be reckless in these things!

The most important thing now is to see Blockbuster's next changes. After all, Blockbuster is Netflix's biggest competitor, and Renren Film and Television can only rank second.

Regarding John Antioco, Reed Hastings knew that he was the real manager of Blockbuster and the person he feared the most.

If John Antioco leaves Blockbuster, Reed Hastings will not be too afraid of the new recruit, even if Carl Icahn takes action personally, it will be useless. There are not many people who know this industry at all.

What's more, any company acquired by Carl Icahn will eventually be severely damaged and few can rise again. To put it bluntly, Carl Icahn's trick is to rely on layoffs, reduce expenditures, reduce business and even sell assets in the short term, make the performance very impressive, and then increase the stock price. He takes advantage of the opportunity to sell the stocks in his hands and make a big profit. By the time he leaves, he is already in a mess.

When Carl Icahn walked into the conference room of Blockbuster's headquarters, it was already full of Blockbuster's shareholders, including the parent company Viacom, who sent representatives.

When he saw Carl Icahn, an infamous Wall Street figure, everyone in the conference room looked at him.

Everyone who looked at Carl Icahn in the conference room had different eyes. There were people who supported Carl Icahn, such as the representative of Lehman Investment Bank. When Renren Film and Television was established, Lehman Investment Bank made many negative comments on Renren Film and Television, because Lehman Investment Bank was one of the shareholders of Blockbuster!

The representative of the major shareholder Viacom was expressionless at this time and didn't know what he was thinking. As for the dozens of small shareholders, they all had different expressions at this time, and they didn't know what they were thinking.

After looking at the people in the conference room, Carl Icahn nodded to support him at Deleman Investment Bank. Small and medium-sized shareholders nodded. In today's vote, Carl Icahn felt that he should be sure to win.

John Antioco wants to start an online leasing business, there is no doubt that the loss is the profits of shareholders and franchise stores. These people are firmly opposed. As long as Carl Icahn grasps this, he will be able to get support from many people.

Without much nonsense, Carl Icahn said, "I convened this shareholders' meeting in the name of Blockbuster's shareholders, and I actually wanted to pass two votes!"

With his face becoming serious, Carl Icahn said, "The current situation of Blockbuster is already at a critical moment. If there is no change, Blockbuster's 20th anniversary celebration may end!"

Founded in 1985, Blockbuster is exactly twenty years old this year, and it is a year with special meaning.

Carl Icahn's alarmist words did make many people's expressions change, but those who really know the matter understand that he is nonsense. He has three kilograms of iron in the broken ship, not to mention Blockbuster. Even if it is unbearable, Blockbuster will not go bankrupt this year.

However, this alarmist and intimidation really scared many people. "I think John Antioco is no longer suitable for his current position. He has contributed a lot to Blockbuster, but this does not mean that he can sacrifice the interests of shareholders and investors to complete his unrealistic plans!"

Carl Icahn looked at everyone and said loudly, "I propose to remove John Antioco from his position. In addition, I hope to get everyone's equity agent. I will let Blockbuster survive this crisis and choose the new eO that is most suitable for Blockbuster!"

Carl Icahn has mastered such tricks. Every time he enters a company, he will first remove the CEO, so that he will basically have no leader and no one will go against him again.

Then he got an equity agent, which could legitimately rectify the entire company and then appoint a CEO, but basically the control was still in his hands.

After launching the vote, Carl Icahn sat aside and talked with representatives of Lehman Investment Bank. Regarding this resolution, Carl Icahn had been preparing for the resolution for half a year and had already talked with many shareholders. Even Viacom and Summer Raystone East, Carl Icahn had contacted him, and was basically foolproof. There were many people who were dissatisfied with John Antioko. Carl Icahn just ignited the fire!

Carl Icahn and Lehman Investment Bank and many shareholders are chatting and laughing, waiting for the result of this vote, no one thinks there will be an accident.

However, then, when the senior executive of Blockbuster, who was in charge of statistics, found the results, cold sweat suddenly flowed out on his forehead, and he felt something was going to happen.

Seeing his expression, everyone in the conference room couldn't help but look at him. Carl Icahn couldn't help but frown. He knew this executive, and he was one of the first people to defect to him. Lawrence, who was in charge of Blockbuster's finance, promised that after he took over Blockbuster, he would promote Lawrence to become the vice president of Blockbuster.

"Lawrence, has the vote result come out?" Carl Icahn said to Lawrence.

"The result is out!" Lawrence sweated coldly on his forehead. Looking at Carl Icahn, his mouth was trembling. "40% of the shareholders agree to remove John Antioco, and Mr. Icahn will be the agent of Blockbuster's equity!"

Hearing this, Carl Icahn smiled on her face, and shareholders such as Lehman Investment Bank, who reached an agreement with Carl Icahn, all showed joy on her face. Carl Icahn nodded to Viacom's representative. Without the support of the other party, they would not have received so many shareholders' support.

However, Lawrence stood there, his eyes were a little distracted, and he seemed to be looking at the voting resolution in his hand in disbelief.

Just as Carl Icahn was about to stand up, Lawrence was heard saying in a trembling voice, "45% of the shareholders, oppose the removal of John Antioco, and oppose Carl Icahn's agent of Blockbuster's equity!"

After saying that, Lawrence sat there. Except for the outstanding shares, the rest of Blockbuster's equity participated in the vote. He knew that he had finished it. This time, Carl Icahn came forward in person, but he failed to dismiss Antioco. When Antioco comes back, you don't have to think about it. The first person to deal with it must be someone like him!

Carl Icahn was stunned there, and the representative of Lehman Investment Bank's smile stiffened on his face. Even the representative of Viacom, who had been expressionless, could not control his expression at this time. The look of surprise on his face was enough to show his panic at this moment!

Compared to Carl Icahn and Lehman Investment Bank, Viacom's representative was even more panicked at this time. The removal of John Antioko was just a trivial matter. What worries him was that Viacom had lost control of Blockbuster!

After Lawrence finished speaking, the conference room was in chaos, with only a dozen shareholders sitting aside, with smiles on their faces, all of whom were close to Antioco.

Carl Icahn slammed the door without saying a word, and he could imagine that this time he fell and fell, he might be a laughing stock!

However, what Carl Icahn has to do now is to figure out who is facing him this time, causing him to fall into such a big fall!

As soon as he left the conference room, Carl Icahn couldn't help but look down. He saw three people sitting in the lounge next to the conference room. One of them was John Antioco, who was on vacation in Madagascar. When he saw Robert Kingsor, Carl Icahn had a vague impression, but he didn't remember who it was. The last one was an Asian face. 2k Reading Network
Chapter completed!