BlackBerry CEO Could Make $55.6MM if Company Is Sold
Mobile Syrup

BlackBerry has been struggling for the past few years after losing market share to Apple and Android device-makers. Thorsten Heins, who has been running the Canadian company for one-and-a-half year, stands to make $55.6 million in salary, incentives and equity awards if ousted in a company sale, according to a recent proxy filing. BlackBerry announced this week that it's conducting a strategic review of its business options, including a joint venture, partnership, a sale of assets, or an outright sale of the company itself.

What Else You Need To Know

  • Heins succeeded BlackBerry company founders Jim Balsillie and Mike Lazaridis as president and CEO of BlackBerry in January 2012.
  • BlackBerry has tapped advisors from JP Morgan Securities, Skadden, Arps, Slate, Meagher & Flom LLP and Torys LLP and has formed a special committee to explore alternatives.

Other sources

It's interesting to see how the market is pushing towards a sale now that BlackBerry has said it will entertain offers instead of just looking into it. In truth though it does not seem like much has changed. - Ronen Halevy, Berry Review  
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