With the countdown clock still ticking on what many see as Blockbuster Video’s inevitable bankruptcy filing, comes news that the once-great movie rental company’s Chief Financial Officer and Executive Vice-President (one guy, two titles) stepped down over the weekend.
Blockbuster didn’t make a formal announcement about the departure of CFO Thomas Casey, who had been with the company for three years. Instead, the exit was only mentioned in a filing earlier today with the Securities and Exchange Commission. According to the filing, Casey’s last day was Sept. 11 and he exited the gig with a lump sum bonus of $100,000 and $7,000 in relocation expenses.
Casey’s replacement has already been named: Dennis McGill, CFO of Safety-Kleen.
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