See The Listed Of Companies Who Have Invested In BlackBerry And What Does The New CEO Make?

blackberry headquarters
Its come to light in recent days that there have been more than one financial investor in BlackBerry. After the deal with Fairfax fell through the plans changed and BlackBerry is no longer going private. Fairfax is still involved, dumping quite a bit of money in, but a few other companies joined in and added to the pot. The total investment came to 1 Billion.A filing with the U.S. Securities and Exchange Commission contains the list of investors which you can see below:

Fairfax Financial Holdings Limited: $250,000,000
Mackenzie Financial Corporation: $200,000,000
Canso Investment Counsel Ltd.: $300,000,000
Markel Corporation: $100,000,000
Brookfield Asset Management Inc.: $50,000,000
Qatar Holding LLC: $100,000,000

And after that huge payout to Thorsten Heins, there ain’t a whole lot of money left for the new CEO John Chen. Just kidding, he won’t be getting $22 Million but he stands to do really well for himself. Granted, if he succeeds he will make a whole lot more.

How much is he getting? This was also in the filing:
a “base salary of $1,000,000 and Performance Bonus of 200% of Base Salary, or $2,000,000″. In addition, he’ll also score 13,000,000 restricted share units (~2.0% fully-diluted for $1.25bn convert), vesting over five years, plus the usual benefits, including “four weeks paid vacation, and car and driver.” If Chen is terminated without clause, he will be “paid remaining full year salary as well as 2x base salary and 2x base bonus (total of $6,000,000).”

Source:MS

Share