Fairfax Special Shareholders Meeting

[Zorrofan]

surprised no one thought of this already......

 

this is a tough one, with pros and cons. This keeps Prem in control for next ten years (pro) but if he dies tomorrow does his son take over (con?)?  What is his track record?? 

 

cheers

Zorro

[Zorrofan]

vote delayed......

 

http://www.reuters.com/article/2015/07/20/fairfax-fin-meeting-idUSL1N1001DY20150720

 

cheers

Zorro

[Parsad]

surprised no one thought of this already......

 

this is a tough one, with pros and cons. This keeps Prem in control for next ten years (pro) but if he dies tomorrow does his son take over (con?)?  What is his track record?? 

 

cheers

Zorro

 

No.  Ben cannot be an officer of the company.  In fact, no Watsa family member will be an officer of Fairfax. 

 

In Prem's demise, The Sixty Two Foundation controls the multiple voting shares, but there are safeguards in place so that no single family member, or even the entire Watsa clan, can influence any single decision.  Just cannot happen based on how it is structured.  Cheers!