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Blockbuster’s Largest Shareholder Calls Blockbuster Worst Investment Ever Made

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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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