“Jim and I went to the board and we told them we think the time is now.” While Lazaridis will stay on as vice chairman and head of an innovation unit at RIM, Balsillie will have no operational role and will remain a director after heading the business, finance and strategy areas for two decades at the Waterloo, Ontario-based firm.
“I remain a significant shareholder and a director and, of course, they will have my full support,” Balsillie said in a statement.
The efficient — the notion that markets are efficient derives from an theory, but the thing about theories is they're supposed to make predictions.
Andrew Redleaf: I think — the, sort of, first thing that I think most people think about or the first question when you're thinking about financial markets is whether they're efficient or not — whether they incorporate all known information — if it's possible to do, sort of, significantly better than the market as a whole.
I'm not sure — used to be absolutely received economic wisdom that financial markets were efficient.
Recently, the Ironworkers Ontario Pension Fund filed a shareholder derivative action against Research in Motion ("RIM") for $105 million in damages.
The defendants are four members of RIM's Audit and Compensation Committee who allegedly backdated stock options improperly.
While sharing the chief executive officer post with RIM co-founder Lazaridis, Balsillie developed a reputation for combativeness.
His refusal to compromise cost the company hundreds of millions of dollars in a legal fight against patent-owner NTP and derailed his dream of owning a National Hockey League team.Now it's — I think it's still the dominant academic view, but there's a big debate and there are partisans on both sides.It's actually — to me, it's actually a fairly simple question.On one level, there are things like companies that have two different classes of stock that are economically identical. Economically identical, but their prices would fluctuate and fairly dramatically.Royal Shell used to have Dutch shares that traded in Holland and U. In '98, I forget which way, but one of the share classes was at a 20% discount to the other and that persisted for several years, so you have economically identical things trading at different prices.Even in cases involving strangers, the directors/officers are more than likely to be targeted for failing to pursue strangers on behalf of the corporation.