{"id":16945,"date":"2011-03-23T10:38:20","date_gmt":"2011-03-23T14:38:20","guid":{"rendered":"http:\/\/danielschristian.com\/learning-ecosystems\/?p=16945"},"modified":"2011-05-02T12:19:16","modified_gmt":"2011-05-02T16:19:16","slug":"blockbusters-largest-shareholder-calls-blockbuster-worst-investment-ever-made","status":"publish","type":"post","link":"https:\/\/danielschristian.com\/learning-ecosystems\/2011\/03\/23\/blockbusters-largest-shareholder-calls-blockbuster-worst-investment-ever-made\/","title":{"rendered":"Blockbuster’s largest shareholder calls Blockbuster worst investment ever made"},"content":{"rendered":"

Blockbuster’s largest shareholder calls Blockbuster worst investment ever made <\/strong><\/a>— from FastCompany.com by Austin Carr<\/p>\n

.<\/strong><\/span><\/p>\n

<\/cite>\"\"<\/a><\/p>\n

After years as Blockbuster’s largest shareholder, Carl Icahn, who at one point amassed some 17 million shares of the now-bankrupt company<\/strong><\/span>, has called Blockbuster “the worst investment I ever made.”<\/p>\n

In a candid piece<\/a> written for the Harvard Business Review<\/em>, Icahn opens up about the rental giant’s struggles and failures in an ever-changing industry.<\/p>\n

“[Blockbuster] failed<\/span><\/strong> because of too much debt and changes in the industry.<\/strong><\/span> It had too many stores, Netflix created a better<\/span> business model, <\/span><\/strong>and then Redbox kiosks and the whole digital phenomenon eliminated the need for consumers to go to a separate DVD store<\/strong><\/span>,” Icahn wrote. “Maybe the board did make a mistake in picking Jim Keyes as [John] Antioco\u2019s successor\u2014Keyes knows retailing and did an excellent job with the stores, but <\/em>he isn\u2019t a digital guy.”<\/em><\/strong><\/span><\/p>\n

From DSC:<\/strong>
\nI write about Blockbuster — and I emphasize the items above — because Blockbuster did not respond to the changes that were <\/em>occurring<\/em> around them.<\/strong> <\/span><\/p>\n

.<\/span><\/p>\n

What about those of us in higher education?
\nHow’s our response(s) coming along?<\/span><\/strong><\/p>\n

.<\/span><\/strong>
\n<\/span><\/p>\n

\"The<\/span><\/p>\n

.<\/span><\/p>\n

\"Staying
\n<\/span><\/p>\n

 <\/p>\n

5\/2\/11 addendum:<\/strong><\/span><\/p>\n