Incoming BlackBerry chairman John Chen — the man expected to rescue or sell the company — got an
$88 million pay package, according to Bloomberg.
He arrives as former CEO Thorsten Heins leaves the company. Heins was paid considerably less, $US9 million last year.
It’s still not clear what Heins’ exit will cost the company. He has an exit package worth up to $US56 million. But currently his departure is being positioned as a resignation. Under that scenario, Heins would leave with nothing.
It’s more likely, however, that Heins only agreed to resign after securing a package in return for a quiet transfer of power.