1. szlevi's Avatar
    11-09-13 07:46 PM
  2. zocster's Avatar
    Thanks for the share!
    szlevi likes this.
    11-09-13 08:23 PM
  3. qwerty4ever's Avatar
    As I understand it there will be a base salary plus performance-based bonuses meaning the new CEO will not necessarily walk away with the full USD88 million in compensation. This is a performance contract unlike the incentive to fail contract negotiated for the former chief executive officer. However, Prem Watsa had his grubby hands in negotiating the terms of both contracts, and anointed himself to the "board of directors leader" role. In hindsight I get the impression Watsa was the puppet master and Thorsten played the role of puppet.
    11-10-13 08:08 AM
  4. ljfong's Avatar
    BlackBerry is the company that operates as if it were still making boatloads of money as far as execs are concerned. But maybe that was all that was needed to get John Chen on board to perform miracle. Whether miracle will happen that is anyone's guess.

    Posted via CB10
    11-10-13 11:44 AM
  5. sixpacker's Avatar
    As I understand it it's based on movement from the current share price. All in all its a ridiculous amount of money and therefore a ridiculous contract. No one needs this amount of someone else's money as an incentive.
    11-10-13 12:10 PM
  6. timmy t's Avatar
    If they are still around in 5 years as an independent, publicly traded company, I think it will be worth the money.
    If he can turn things around or stabilize things. If BBRY does not go broke before then, this might be the deal of the century.
    11-10-13 03:12 PM
  7. howarmat's Avatar
    11-10-13 03:18 PM

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