" . Lazaridis, RIM’s second-largest investor, said Jan. 22 he’s buying another $50 million worth of RIM stock."
Someone correct me if needed. Isn't having someone who ran the stock into the ground around and then allowing him to buy more (at the price he helped drive it down to) kind of dumb?
He and his cohort drove the price into the ground and he purchases 50 mil worth at this reduced price. If the turnaround succeeds his stocks value goes up. Essentially he profits from screwing up the company? What wrong with this picture?I realize as it stands he has lost (presumably) money on his existing stock, which makes this baffeling as to why he's still around. Now its possible for him to regain his losses and profit further while maintaining considerable influence after helping to create the problem.