We’ve already told you that BlackBerry is exploring strategic alternatives that could lead to “possible joint ventures, strategic partnerships or alliances, a sale of the Company or other possible transactions.” To help with this process, BlackBerry has formed a Special Committee, with assistance from JP Morgan Securities, Skadden, Arps, Slate, Meagher & Flom LLP and Torys LLP. And that committee produced a document that contains some interesting numbers detailing how much the executives will be paid if they’re terminated, or if a sale of the company happens and they are terminated. Here’s the breakdown:
Upon Termination:
- Thorsten Heins, BlackBerry CEO, will receive a total package of $22,017,072
- Brian Bidulka, BlackBerry CFO – $4,462,231
- Steve Zipperstein, BlackBerry CLO – $3,067,915
- Frank Boulben, BlackBerry CMO – $3,087,915
- Kristian Tear, BlackBerry COO – $2,173,941
Upon Sale of Company and Termination (total cost equals to $84,680,987):
- Thorsten Heins, BlackBerry CEO, will receive a total package of $55,615,227
- Brian Bidulka, BlackBerry CFO – $6,052,356
- Steve Zipperstein, BlackBerry CLO – $7,910,409
- Frank Boulben, BlackBerry CMO – $7,713,945
- Kristian Tear, BlackBerry COO – $7,389,050
It’s also interesting to note that Heins is a member on this special committee and he’ll be engaged in all the finer details of a potential transaction…
[Via: MobileSyrup]