Abstract
Let $T$ be a polynomially bounded operator, and let $\mathcal M$ be its invariant subspace. Suppose that $P_{\mathcal M^\perp}T|_{\mathcal M^\perp}$ is similar to a contraction, while $\theta(T|_{\mathcal M})=0$, where $\theta$ is a finite product of Blaschke products with simple zeros satisfying the Carleson interpolating condition (a Carleson--Newman Blaschke product). Then $T$ is similar to a contraction. It is mentioned that Le Merdy's example shows that the assumption of polynomially boundedness cannot be replaced by the assumption of power boundedness.
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