Circuit City Shareholder Launches Proxy Fight; Slams Blockbuster Rejection

Circuit City has another mess to deal with. In addition to fending off Blockbuster (NYSE: BBI), it now has a proxy fight on its hand. Wattles Capital Management, a 6.5 percent holder of the company’s shares, has submitted a slate of five candidates to the company’s board. In its statement, the firm derides the company’s operating performance, adding: “we are deeply concerned by the Board

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