Sacked Blackberry CEO will get $22 million in compensation


Blackberry’s axed chief executive officer Thorsten Heins would have gotten $56 million richer if Blackberry was successfully sold to Fairfax today, but instead he will be getting a $22 million pay package following his sack and the $1 billion funding Blackberry will receive from investors.

Sacked Blackberry CEO will get $22 million in compensation
This was revealed in an official document titled “Blackberry 2013 Proxy Circular” which mapped out the company’s operational plans.

Thorsten Heins joined Blackberry as CEO in early 2012 in a bid to turn around the company’s dwindling fortunes but has failed to deliver his mission as Blackberry recorded nearly $1 billion in the negative in the Canadian phone maker’s 2013 second quarter.

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