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Timeline : Error Management
Outcome : The proxy fight is declared between Icahn and Antioco
2005 - 2007
Subsequent error : Disagreement in the decisions taken
Error management action : Legacy system perpetuation : Boards members decided to reinstall the delay penalties and abandon the digital platform projects.
Keyes is chosen as Blockbuster's new CEO
Error appearing : Error managerial : CEO's Nomination, Keyes is not the digital guy to drive the digital transition.
Outcome : Blockbuster shares went down by 91% since Keyes took over.
Consequence : Icahn sold the majority of his Blockbuster shares
FAILURE : Bankruptcy of Blockbuster
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