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View Full Version : BlackBerry's new CEO gets $85 million to stick around



Wireless News
11-11-2013, 04:00 PM
http://l3.yimg.com/bt/api/res/1.2/35trNRQHrk1I8rCzmCvBhA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/The%20Verge/blackberry-10-experience-event-stock1_1020_large.jpg (http://news.yahoo.com/blackberrys-ceo-gets-85-million-stick-around-181202663.html)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. Though there's no word on BlackBerry's search for a new permanent CEO, Chen would seemingly be a likely frontrunner given both his pay package-and credentials. Chen has experience with turning around struggling companies, and so far-he's spoken confidently about BlackBerry's prospects.



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