• Seppo Sahrakorpi
    Buyer beware:By Canadian laws, $BBRY 's BOD will not and can not make decisions based on what is best for its shareholders [or the company]
    11/8/13
    Reply (13)
    • Seppo Sahrakorpi: http://reut.rs/1hU7mhs
      11/8/13
    • Seppo Sahrakorpi: "...A landmark Supreme Court of Canada ruling in the BCE case in 2008 said a Canadian company's board needs to consider...
      11/8/13
    • Seppo Sahrakorpi: ...the interests of all stakeholders, not just shareholders, when it decides on a deal...
      11/8/13
    • Seppo Sahrakorpi: ...Stakeholders can include employees, customers, suppliers and the wider community...."
      11/8/13
    • Seppo Sahrakorpi: Wow, I am speechless...
      11/8/13
    • LYogi: In this case it will be seen as a saving grace for long shareholders who avoided the theft of their shares at $9.
      11/8/13
    • Toastypro: So Canadian law does not protect shareholders at all and it could mean the debenture holders can take Blackberry to gutters...
      11/8/13
    • Stan Low: Actually it balances all interests. It is not just shareholders who have financial interests at risk
      11/10/13
    • jovani_hft: But what about suppliers? In any business the suppliers are squeezed to give their best for the lowest price (unless they have upper hand)
      11/11/13
    • jovani_hft: It doesn't make sense that the BOD would be responsible for the well-being of the suppliers and not the shareholders.
      11/11/13
    • jovani_hft: "Our shareholders might suffer, but it is very important that our suppliers are taken care of"
      11/11/13
    • LYogi: the law is not only looking out for suppliers but also employees and the community. It is basically saying that the BOD must consider the
      11/11/13
    • LYogi: TOTAL impact that selling under a LBO will have on those connected to the company.
      11/11/13