Shareholder advisory company Glass Lewis has urged BlackBerry investors to vote against Prem Watsa as lead director, arguing that he should be held accountable for an executive compensation plan that isn’t in shareholders’ interests. Glass Lewis recommended investors withhold support for Prem Watsa who chairs BlackBerry’s compensation committee. The proxy advisory firm said it has “severe concerns” over the executive pay-outs, and cautioned that Fairfax’s significant holdings in some of BlackBerry’s outstanding debentures could potentially misalign Watsa’s priorities with those of other shareholders.
