Blockbuster CFO leaves amid bankruptcy worries

Blockbuster Inc.'s chief financial officer has left the struggling home video rental chain with a possible bankruptcy filing looming.

Thomas Casey's last day as CFO was Saturday, according to documents filed with the Securities and Exchange Commission. His departure came a few days after renegotiating the terms of his severance package.

The revisions qualified Casey for a lump-sum payment of $100,000, besides money owed for his unused vacation. He will also receive $7,000 to cover moving expenses, according to the SEC filing.

Casey had been Blockbuster's CFO for three years.

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- Posted: 2010-09-13 22:07:53

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