Wednesday, January 25, 2012

Prem watsa

  • Unorthodox, iconoclast and wildly successful. The man described as the catalyst for the RIM shakeup inspires superlatives and awe. V. Prem Watsa, born in Hyderabad, India in 1950, will become an independent director at Research in Motion Inc.
  • (Toronto Star)
  • Research-In-Motion (RIMM) is making a lot of news lately as the company shakes up its management team. Both the founder and the CEO have resigned from the top executive positions. The company has named its former co-COO Thorsten Heins as the new CEO.
  • (GuruFocus)
  • Prem Watsa is known as the Warren Buffett of Canada -- and of course most money managers, in any country, would sign on for Buffett comparisons in a second.
  • (Yahoo Finance)
  • RIM also announced that Prem Watsa, the chief executive of Fairfax Financial Holdings, is a new board member. Watsa has become a significant shareholder.
  • (Yahoo Finance)
  • Lazaridis says he'll buy $50 million of stock. And value investor Prem Watsa has joined the board and says, "We're going to look at doing the same.
  • (Minyanville)
  • The most positive news is that famed Canadian value investor Prem Watsa, who is a large RIMM shareholder, has joined the board. He has an excellent reputation. I understand why people like Watsa and noted value investor Lee Cooperman have taken positions in RIMM.
  • (Inside Fidelity)
  • [WSJ] Related: Prem Watsa, one of Canada's best-known value investors, is bringing his accomplished track record to Research In Motion Ltd.'s new leadership team, becoming the BlackBerry maker's newest director and one of its biggest shareholders.
  • (Wall Street Journal)
  • Barbara Stymiest, a former banker and stock exchange executive, has been named Chairman of the Board. RIM also named Prem Watsa, CEO of Fairfax Financial Holdings, to the Board.
  • (Maximum PC)
  • John Richardson, formerly lead director, will also remain on the board. Prem Watsa was also named to the board, expanding it to 11 members. Watsa is currently the chairman of the board of directors and the chief executive officer of Fairfax Financial Holdings Limited.
  • (MENAFN)

No comments:

Post a Comment