11 Die in Kite Festival

Flying a kite in Pakistan seems to be an extreme sport:

At least 11 people died in an annual two-day kite festival in Punjab Province. Officials said two died after their throats were cut by kite strings made of wire, used to damage rival kites. Five died after being hit by celebratory gunshots, and two people were electrocuted trying to untangle kites from overhead power cables. Two others fell from roofs. The police arrested more than 700 people for using sharpened kite strings or firing guns. The authorities had temporarily lifted a ban on kite-flying that was imposed after deaths at last year’s festival.

(Thanks Markus)

Blockbuster, CEO at odds over bonus; Wanted $7.6 Million and only got $2.3

Everybody altogether now…. Awwwwwwww:

Blockbuster Inc. says it is in discussions with its chief executive over his 2006 bonus, as it reported a 28 percent drop in its fourth-quarter profit, which took a hit on store closures.

Blockbuster’s board said in a regulatory filing with the Securities and Exchange Commission that it awarded CEO John Antioco a $2.28 million bonus in January, in addition to his 2006 salary and deferred compensation of $2.5 million. However, Antioco said that based on the company’s 2006 senior bonus plan and performance goals, he is entitled to a $7.65 million bonus.

The company said it will reserve $4.5 million to deal with the discrepancy over the payout.