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BlackBerry CEO to make $55.6m if company sold: report

telecom | 08/16/2013 9:03 pm EDT

BlackBerry Ltd. CEO Thorsten Heins would receive an estimated $55.6 million payout if he loses his job following a sale of the company, Bloomberg said. In a report Friday, Bloomberg said a BlackBerry proxy circulated in May contained a plan that would allow Heins to receive a package containing “salary, incentive payments and equity awards” if he is terminated from his position following a change of corporate ownership. That plan, it added, was approved by BlackBerry shareholders during an annual meeting on July 9. The $55.6 million figure is based on the company’s stock...