Joshua Jackson – the former “Mighty Ducks,” “Dawson’s Creek” and “Fringe” star – has been named interim CEO of the publicly traded entertainment company Liquid Media Group, a Vancouver-based outfit that works with independent producers and content creators.
He replaces Ron Thomson, the former president of Cameron Thompson Group who resigned last month after 18 months as Liquid’s CEO. The company, which trades on the Nasdaq exchange, has struggled in the last year. The stock (Yvr) closed Tuesday at 38 cents, down from a 52-week high of 2.68 last summer.
Jackson, who co-founded Liquid Media and currently serves as chairman of the board, has been elevated to the top position for now as the company seeks a permanent CEO as well as other executive leaders. The company plans to bring on Tom Casey as a new board member following his three decades of financial and corporate experience across Rls Partners, Emergent Cold, American Apparel and Blockbuster.
He replaces Ron Thomson, the former president of Cameron Thompson Group who resigned last month after 18 months as Liquid’s CEO. The company, which trades on the Nasdaq exchange, has struggled in the last year. The stock (Yvr) closed Tuesday at 38 cents, down from a 52-week high of 2.68 last summer.
Jackson, who co-founded Liquid Media and currently serves as chairman of the board, has been elevated to the top position for now as the company seeks a permanent CEO as well as other executive leaders. The company plans to bring on Tom Casey as a new board member following his three decades of financial and corporate experience across Rls Partners, Emergent Cold, American Apparel and Blockbuster.
- 7/6/2022
- by Brandon Katz
- The Wrap
Blockbuster adopts 'say on pay' policy
NEW YORK -- Shareholders of Blockbuster will get a chance to voice their approval or disapproval of executive pay starting next year.
In what is believed to be a first for the broader entertainment industry, the video rental giant said Tuesday that its board has adopted a policy that will give shareholders a nonbinding advisory vote on compensation of top managers, commonly known as "say on pay," starting with the 2009 annual meeting. The votes will allow investors to review the annual pay packages for such Blockbuster brass as chairman and CEO James Keyes and CFO Thomas Casey.
The "say on pay" approach has been gaining traction in the U.S. as of late amid attempts by companies to strengthen their corporate governance practices, appear more shareholder-friendly and counter criticism of expensive pay packages.
Insurance company Aflac will hold its first "say on pay" advisory vote in May. A majority of Blockbuster shareholders spoke out last year in favor of the introduction of such a vote, as did Verizon Communications shareholders.
In what is believed to be a first for the broader entertainment industry, the video rental giant said Tuesday that its board has adopted a policy that will give shareholders a nonbinding advisory vote on compensation of top managers, commonly known as "say on pay," starting with the 2009 annual meeting. The votes will allow investors to review the annual pay packages for such Blockbuster brass as chairman and CEO James Keyes and CFO Thomas Casey.
The "say on pay" approach has been gaining traction in the U.S. as of late amid attempts by companies to strengthen their corporate governance practices, appear more shareholder-friendly and counter criticism of expensive pay packages.
Insurance company Aflac will hold its first "say on pay" advisory vote in May. A majority of Blockbuster shareholders spoke out last year in favor of the introduction of such a vote, as did Verizon Communications shareholders.
- 3/25/2008
- The Hollywood Reporter - Movie News
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