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Blockbuster adopts "say on pay" shareholder vote

NEW YORK
Tue Mar 25, 2008 8:53am EDT

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Blockbuster Chief Executive Jim Keyes speaks at the Reuters Media Summit in New York, November 27, 2007. Video rental chain Blockbuster Inc said on Tuesday its board has adopted a non-binding shareholder vote on executive pay beginning in 2009. REUTERS/Brendan McDermid

NEW YORK (Reuters) - Video rental chain Blockbuster Inc (BBI.N) said on Tuesday its board has adopted a non-binding shareholder vote on executive pay beginning in 2009.

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The "say on pay" provision allows shareholders a voice in the compensation of top executives, including Blockbuster Chief Executive Jim Keyes and Chief Financial Officer Thomas Casey.

(Reporting by Michele Gershberg; editing by John Wallace)



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