Rae had come under pressure to pick between the two roles ever since he revealed his new project earlier this year. In March, the federal conflict-of-interest commissioner cleared him of any potential ethical issues. Wednesday, though, Rae said it came down to a question of time and energy.

If Rae did both roles it would be huge conflict of interest IMO.Even being cleared by federal

commissioner it would be same as sitting on boards of both companies in takeover case,

the one doing takeover as well as target company.

GLTA,

Fossil