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Posted

Congratulations to Paul on becoming President of Fairfax!  I've had the pleasure of dealing with Paul on numerous occasions, including our annual dinners, and he's a terrific, passionate, talented individual who loves his job and Fairfax!  Great choice!  Cheers!

 

http://www.fairfax.ca/news/press-releases/press-release-details/2013/Fairfax-Financial-Holdings-Limited-Executive-Announcement/default.aspx

 

I had a brief moment of panic and thought something had happened to Prem! But congrats to Paul.....

 

cheers

Zorro

Posted

Ironic that the promotion was released the same day as Steve Cohen is finally charged by the SEC.

 

SEC charges SAC Capital's Steven A. Cohen for failing to prevent insider trading by employees

http://www.cnbc.com/id/100889063

 

Coincidence?  I think not!  Paul was on the front lines with the whole short attack and ensuing lawsuit.  The best story I have about all of that was I received a subpoena from Fairfax's attorney, Kasowitz Benson, because I had bought the www.premwatsa.com domain name when it became available.  Kasowitz Benson thought that it was still under the control of whichever hedgie had put up that attack website.  I had to call Paul up and say, I bought the domain name when it became available, so that no one could put up another website...but that they could have the domain name if they wanted.  He said, "Oh geez sorry, I'll take care of it!"  And that was that...no more subpoena and the beginning of a friendship...plus I got to keep the domain name!  Cheers!

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