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BlackBerry Interim CEO John Chen Salary Structure

Blackberry fired Thirsten Heins few days ago and was replaced by John Chen as interim CEO pending the time a permanent person takes the affairs of CEO for BlackBerry. However, the salary given to John Chen looks like BlackBerry already concluded that Chen would be the possible person to remain as CEO. Thorsten Heins left BlackBerry with an estimated worth of $22 million but John Chen would get more than that if he was to leave according to the salary structure listed below. Salary: $1 million Bonuses: $2 million Stock value for 5 years: $85 million Restricted shares available over time: $13 million. These values are staggering, however, for someone with so much experience and seeing how he transformed Sybase to a huge company, BlackBerry needs to be able to attract John Chen as much as possible, hoping he can turn the company around for good; and if he can't and was fired without reason, he receives $6 million in salary as a parting payment. ...

BlackBerry Fires CEO Thorstens Heins And Appoints Interim CEO

BlackBerry today announced that its replacing, more like fired its CEO Thorsten Heins and to be succeeded in the interim by John S Chen, who was the former CEO of Sybase. Thorsten Heins John S Chen is currently a director at both Wells Fargo and Disney. He was the chairman at Sybase where he transformed the company in a big way before it was sold to SAP. John S Chen What we know so far is that Thorsten Heins did his bit to grow the company but however had failures along the way. John S Chen is very charismatic and more of a leader considering his outstanding track records and may be the man BlackBerry needs to make things work better than it is now. You can read more about John S Chen here However, we are always hear to watch how this new interim CEO will perform before a permanent CEO will eventually be announced. Like our Facebook page and follow on Twitter for more smartphone gist