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...suspect or flawed information to instigate an unnecessary war. Until blame is placed on actual operatives, clerks, bureaucrats and elected officials, the commission's report means nothing. Holmes Brannon Woodland Park, Colorado, U.S. Gaining by Losing Your numbers column said that John Antioco, CEO of the Blockbuster video - rental chain [April 11], received total compensation of $51.6 million last year as the company lost $1.25 billion and its stock fell 47%. Would it follow that if Blockbuster had lost $5 billion, Antioco would have raked in $200 million? Only in America do we condone such obscene payment for bad results...
Your Numbers column said John Antioco, CEO of the Blockbuster video-rental chain [April 11], received compensation of $51.6 million last year as the company lost $1.25 billion and its stock fell 47%. Would it follow that if Blockbuster had lost $5 billion, Antioco would have got $200 million? Only in the U.S. do we condone such obscene payment for bad results. Blockbuster's board of directors should be tarred and feathered by the company's stockholders...
Beatrice last week received word of a different kind of proposal that the firm may wish to ponder. It came from Warren Avis, founder of the Avis car-rental company. The entrepreneur, who sold Avis in 1954, said he wants to buy it back from Beatrice, which has owned the business for little more than a year. Avis said he has assembled a group of private, international investors who hope to acquire the auto concern, which operates in more than 100 countries and is worth an estimated $400 million...
...could pass unrecognized on any city street, at least as long as he keeps his mouth shut. "Radio is an avocation, fun and games to me," says Williams, 53, who has been involved in a range of entrepreneurial ventures, from insurance and real estate to a car-rental agency and a florist business. Asked eleven years ago to invest in a radio station, he decided instead to learn more about the business from the inside and began doing a local "ombudsman's show" in New Jersey. After a stint at New York City's WMCA, in 1981 he joined...
...question for travelers is whether the airlines will repeat the bargains for Christmas, when they have similar feast-and-famine traffic patterns. Delta has already made the offer and sweetened the deal by throwing in a $9.99-a-day rental car. Others are holding back, at least for the moment. Predicts Richard Henderson, an airline analyst for the investment firm Pershing & Co.: "You probably can look for another round of discounts during the Christmas holidays." Budget-minded consumers could hardly ask for a nicer present...