08-17-20 11:24 AM
263 ... 91011
tools
  1. Dunt Dunt Dunt's Avatar
    JC must have a big golden parachute dependent upon keeping BlackBerry afloat for a certain timeframe...
    Don't remember ever seeing any details on him getting a golden parachute with 2018 contract extension.... Most the money was tied to the company doing well - I'm talking really well. First if he reached $16- $20 stock price he'd get 5 million restricted stock grants and then at $30 a share he'd get another 5 million. Could have been up to a $140 Million pay package for five years.... But then if the stock reached $30 a share, nobody would have cared what he got paid. It was trading around $12 a share back when they offered him the extension.... so the $16 - $20 seemed possible back then.

    His salary is only $1 Million with a base annual bonus of $2 Million (paid in stock)... Not sure if he's gotten any other bonuses, but $5 million cash plus whatever the stock was (will be) sold for.... ain't all that much. And like many here, he's looking at a lot of his nest egg being tied up in a very depressed stock.

    But I'm sure he has some kind of parachute in place as well, won't be nothing compared to the $55 Million Heins got.... Which is really kinda sad.
    08-10-20 10:44 AM
  2. Denise in Los Angeles's Avatar
    Didn't he get the shares regardless of the value? I thought he'd get extra bonuses if the stock price hit $30, but he still made a pretty penny on it. The share price doubled during his time as CEO....

    Chen has also requested that his cash bonuses be paid to him in Blackberry shares.

    https://www.cbc.ca/news/business/bla...-85m-1.2418832
    08-10-20 05:49 PM
  3. Dunt Dunt Dunt's Avatar
    Didn't he get the shares regardless of the value? I thought he'd get extra bonuses if the stock price hit $30, but he still made a pretty penny on it. The share price doubled during his time as CEO....

    Chen has also requested that his cash bonuses be paid to him in Blackberry shares.

    https://www.cbc.ca/news/business/bla...-85m-1.2418832
    In 2017 it might have doubled from where he took over... but today's price, is today's price and it's less than when he took over in 2013. Chen's ended the hardware and established a software company... but at the same time others have moved into the same markets. Even QNX is getting edged out....

    The question is, Does Chen's recovery style of running a business... work with trying to grow a business? I get cutting the 100's of millions in R&D they once did with hardware, but they still are cutting R&D even now to get their budget down. Can a company grow in the long term without investing back into development?

    Why is AGL becoming the automotive OS of choice now?
    Why is Everbride out doing Athock in emergency communications?
    Why is Claynce's growth declining while others continue to climb?
    Why is BlackBerry's UEM business slipping away - what was the sales teams problem? Management? Product? Price? Just Lazy?

    I think Chen did what had to be done from 2013 to 2017... but at this point I'm not sure he's got what it takes to move forward. Unless that's not what Prem wants....
    elfabio80 likes this.
    08-11-20 09:12 AM
  4. Chuck Finley69's Avatar
    Unless that's not what Prem wants....
    I believe that’s partly correct. I suspect that Prem would like to go private with institutional partners already in the ownership mix using more of their money.

    Then perhaps grow some but with the minimal amount truly needed. I believe there’s Sybase correlation similarities
    here but that wasn’t plan A since I think COVID-19 put us on a plan C or D I think.
    08-11-20 09:37 AM
  5. Dunt Dunt Dunt's Avatar
    I believe that’s partly correct. I suspect that Prem would like to go private with institutional partners already in the ownership mix using more of their money.

    Then perhaps grow some but with the minimal amount truly needed. I believe there’s Sybase correlation similarities
    here but that wasn’t plan A since I think COVID-19 put us on a plan C or D I think.
    I suspect it's more like plan M, N or O at this point.
    08-11-20 10:36 AM
  6. conite's Avatar
    I suspect it's more like plan M, N or O at this point.
    Plan 9.
    app_Developer likes this.
    08-11-20 10:50 AM
  7. byex's Avatar
    Chen out of Chen

    Posted via CB10
    08-11-20 10:22 PM
  8. Josh Ruiter's Avatar
    I lost respect for him after seeing his awkward introduction of the Priv on the news.

    Posted via CB10
    08-13-20 07:29 PM
  9. Chuck Finley69's Avatar
    I lost respect for him after seeing his awkward introduction of the Priv on the news.

    Posted via CB10
    Why? It wouldn’t have changed anything from the day he came to BlackBerry and his mission execution
    08-13-20 09:15 PM
  10. Dunt Dunt Dunt's Avatar
    I lost respect for him after seeing his awkward introduction of the Priv on the news.

    Posted via CB10
    You must have loved the BB10 lauch with Thorsten Heins and the hippy they brought out to get a hair cut..... talk about awkward.
    08-14-20 08:16 AM
  11. mh1983's Avatar
    Plan 9.
    From...?
    08-14-20 12:51 PM
  12. Josh Ruiter's Avatar
    You must have loved the BB10 lauch with Thorsten Heins and the hippy they brought out to get a hair cut..... talk about awkward.
    I missed that one

    Posted via CB10
    08-14-20 06:53 PM
  13. mh1983's Avatar
    Overall, I give him a B. (Any 30 Rock fans?)
    08-17-20 11:24 AM
263 ... 91011

Similar Threads

  1. Would you buy a DTEK variant of the Galaxy Note 7?
    By Sofakyng in forum General BlackBerry News, Discussion & Rumors
    Replies: 21
    Last Post: 08-15-16, 04:04 PM
  2. Replies: 4
    Last Post: 08-10-16, 04:46 PM
  3. How can I know if my Priv is factory unlocked
    By DiegoV_G in forum BlackBerry Priv
    Replies: 10
    Last Post: 08-10-16, 09:04 AM
  4. How to change bbm contacts names?
    By 7christopherr in forum General BBM Chat
    Replies: 2
    Last Post: 08-09-16, 04:42 PM
  5. How to use blocked sites and restricted internet using?
    By CrackBerry Question in forum Ask a Question
    Replies: 3
    Last Post: 08-09-16, 12:16 PM
LINK TO POST COPIED TO CLIPBOARD