BlackBerry Investors Reject Executive-Pay Plan After Stock Slide

Shareholders of BlackBerry Ltd. rebuked the board and major shareholder Prem Watsa, rejecting the company’s executive compensation plan and voting in large numbers against Watsa’s re-election as a director.

Watsa received just 50.7% support at the Canadian software company’s annual meeting on Wednesday. That means, excluding the 46.7 million shares controlled by Watsa’s Fairfax Financial Holdings Ltd., shareholders representing a majority of the votes at the meeting opposed him.

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