One has to wonder if BlackBerry CEO Thorsten Heins if he has the best interests of BlackBerry in mind as they go through their strategic review. I say that because The Toronto Star has revealed that Heins could score big if the company is sold:
Under the change of control provisions in his contract, Heins would receive $7.5 million in salary and bonus, $72,000 in benefits and retirement savings and $48 million in equity awards, based on the company’s share price at the end of its latest financial year, the documents show.
The plan, filed in May in the annual information form, was approved by shareholders at the company’s annual meeting on July 9.
That totals $55.6 million. Not a bad golden parachute. That’s a great incentive to get the company sold if you’re him. I have to admit that if I were in his position, I’d be leaning that way.
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This entry was posted on August 16, 2013 at 9:17 pm and is filed under Commentary with tags BlackBerry. You can follow any responses to this entry through the RSS 2.0 feed.
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Heins Can Score Big If BlackBerry Gets Sold
One has to wonder if BlackBerry CEO Thorsten Heins if he has the best interests of BlackBerry in mind as they go through their strategic review. I say that because The Toronto Star has revealed that Heins could score big if the company is sold:
Under the change of control provisions in his contract, Heins would receive $7.5 million in salary and bonus, $72,000 in benefits and retirement savings and $48 million in equity awards, based on the company’s share price at the end of its latest financial year, the documents show.
The plan, filed in May in the annual information form, was approved by shareholders at the company’s annual meeting on July 9.
That totals $55.6 million. Not a bad golden parachute. That’s a great incentive to get the company sold if you’re him. I have to admit that if I were in his position, I’d be leaning that way.
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This entry was posted on August 16, 2013 at 9:17 pm and is filed under Commentary with tags BlackBerry. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.