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Fill it to the RIM — With $85 Million Dollars?

November 12th, 2013 - 7:17 am

John Chen stands to make a lot of money if he can save BlackBerry:

BlackBerry wants its new executive chairman and interim CEO, John Chen, to turn the company around, and it’s set him up with a pay package that should help to keep him on board. Chen is receiving 13 million shares of restricted stock — worth about $85 million today — vesting over the next five years. He’ll also see $1 million each year in base salary, with a potential performance bonus of up to $2 million annually. If terminated without cause, he’ll see a $6 million termination package.

The odds of BlackBerry being around long enough for all those shares to vest?

Anyone?

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All Comments   (4)
All Comments   (4)
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Bet he's working towards the "terminated without cause" windfall.
48 weeks ago
48 weeks ago Link To Comment
If those options vest, he'll have earned it.
48 weeks ago
48 weeks ago Link To Comment
Hey, I'll take the job with only a 2 million dollar termination package.
48 weeks ago
48 weeks ago Link To Comment
1) Keep company chunking along until first options package vests.
2) Do job just well enough to not get fired.
3) Then do job just bad enough to get fired without a real reason.
4) Profit!
48 weeks ago
48 weeks ago Link To Comment
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