BlackBerry CEO Thorsten Heins Eligible for $56 Million Golden Parachute and 2 Other Hot Stocks to Watch
BlackBerry Ltd. (NASDAQ:BBRY): Current price $10.5499
As would be typical for chief executives, Thorsten Heins might receive a gigantic golden parachute payout if he sells the company and is then without a job. Last year, Heins would have received as much as approximately $21 million in a “double trigger” payout were his company to be acquired and he had then been terminated as CEO.
However, this year that payout would be worth $56 million, giving Heins a powerful incentive for selling the firm instead of turning it around himself. His regular compensation totals only $9 million a year, which gives him a good reason to sell BlackBerry rather than stay on as its boss.