BlackBerry Bracing for More Executive Exits and 2 More Heavily Traded Stocks to Follow
BlackBerry (NASDAQ:BBRY): Closing price $9.24
BlackBerry is getting ready for a larger number of executive departures as retention bonuses expire and CEO Thorsten Heins sets more robust targets that endanger managers’ jobs, a source told Bloomberg. The source said the one-year incentive packages from July 2012 to help boost output and timely delivery of the company’s new BlackBerry 10 phones and software are expiring. Heins is also establishing goals for phone sales, subscriber growth, and product development; managers who fail to meet the figures will face termination.