Blockbuster’s Largest Shareholder Calls Blockbuster Worst Investment Ever Made

Finally! Admission of wrongdoing! After years as Blockbuster’s largest shareholder, Carl Icahn, who at one point amassed some 17 million shares of the now-bankrupt company, has called Blockbuster “the worst investment I ever made.” In a candid piece written for the Harvard Business Review, Icahn opens up about the rental giant’s struggles and failures in an ever-changing industry. “[Blockbuster] failed because of too much debt and changes in the industry.

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Blockbuster’s Largest Shareholder Calls Blockbuster Worst Investment Ever Made