Friday, August 16, 2013

President of BlackBerry maker wins with 41.8 million ... - News to the Minute

CEO of phone maker Blackberry, Thorsten Heins, will raise 55.6 million dollars (41.8 million euros) if you sell the company and be removed from office, financial news agency Bloomberg today.

This is the value that the manager may receive in case of a change of control of Blackberry and Heins is removed from office, according to a document quoted by Bloomberg.

This amount, which includes salary and incentives, based on the stock prices of BlacklBerry late in the fourth fiscal year.

The plan was approved by the general meeting of shareholders, to July 9.

phone maker’s shares rose 19% last week with rumors that the Canadian company may be bought or taken over by private funds, bringing hope to investors.

This week, the company said that the administration is considering a potential sale, as well as partnerships.

The businessman Prem Watsa, the largest shareholder of the Blackberry, will leave the administration, which increased the rumor that this may have a role in the salvation of BlackBerry, which has lost market share to competitors Apple and Samsung.

However, finding potential buyers may not be an easy task, since financial institutions JPMorgan Chase & Co and RBC Markets have been trying to contact interested parties for almost a year, but without great success, told Bloomberg sources associated with the process.

Heins was named chief executive of BlackBerry in January 2012, replacing co-founders and chairmen Mike Lazaridis and Jim Balsillie, who left after the shareholders dictate a “shakeup” in management.

At the time, Heins was chief financial officer, having entered the Blackberry in 2007, after two decades at Siemens AG.

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