Wireless News
09-27-2013, 09:40 AM
When it comes to golden parachutes, former Nokia CEO Stephen Elop may have nothing on BlackBerry chief Thorsten Heins. Reuters reports that BlackBerry’s board of directors this past spring agreed to triple Heins’ compensation if he lost his job after a sale of the company, going from a package that was worth $18.9 million to a package worth $55.6 million. What makes this particularly interesting is that one of the board members was none other than Fairfax Financial CEO Prem Watsa, who just months later left the board and announced a potential deal to buy out the company for $4.7 billion. Joe Sorrentino, the managing director at executive pay advisors Steven Hall & Partners, tells Reuters that Watsa’s role in
More... (http://news.yahoo.com/fairfax-boss-helped-triple-blackberry-ceo-heins-golden-134040555.html)
More... (http://news.yahoo.com/fairfax-boss-helped-triple-blackberry-ceo-heins-golden-134040555.html)