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.