BlackBerry chief executive could receive $55.6M

BlackBerry chief executive stands to receive $55.6M if ousted after sale

Associated Press

TORONTO (AP) -- BlackBerry CEO Thorsten Heins could receive as much as $55.6 million if the company is sold and he is ousted from the top job.

Heins would receive $48 million in equity awards, based on the company's share price at the end of its latest fiscal year, according to a regulatory filing earlier this year. He would also get $7.5 million in compensation for his salary and bonus under the change of control provisions in his contract.

The company would pay $72,000 in benefits and retirement savings.

BlackBerry announced that a sale of the company was one option that would be considered under a strategic review of the company, which has lost market share to Apple and Android-based phones.

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