BlackBerry chief executive could receive $55.6MAugust 16, 2013 @ 1:57 pm
TORONTO (AP) - BlackBerry CEO Thorsten Heins could receive as much as $55.6 million if the company is sold and he is ousted from the top job.
Heins would receive $48 million in equity awards, based on the company's share price at the end of its latest fiscal year, according to a regulatory filing earlier this year. He would also get $7.5 million in compensation for his salary and bonus under the change of control provisions in his contract.
The company would pay $72,000 in benefits and retirement savings.
BlackBerry announced that a sale of the company was one option that would be considered under a strategic review of the company, which has lost market share to Apple and Android-based phones.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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