BlackBerry's interim CEO is getting a pretty sweet deal from BlackBerry. Chen will attempt to turn the company around, and he has a big incentive to do it. According to Bloomberb, Chen will receive $1 million in salary with a possible $2 million performance bonus. He will also get 13 million shares that will vest over the next 5 years. In total, his package is worth $88 million.
Another nice perk for Chen is a guarantee in case he gets fired.
Looks like a nice deal for Chen. Let's hope he can turn the company around.
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Another nice perk for Chen is a guarantee in case he gets fired.
If Chen’s employment is terminated without cause, he will receive his salary for the remainder of that year, plus two times his base salary and bonus, the company said. That would total $6 million.
Looks like a nice deal for Chen. Let's hope he can turn the company around.
[ Photo Credit ]