BlackBerry's Heins, Fairfax's Watsa And The $55 Million Handshake

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BlackBerry's Heins, Fairfax's Watsa And The $55 Million Handshake

BlackBerry's Heins, Fairfax's Watsa And The $55 Million Handshake
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BlackBerry's Heins, Fairfax's Watsa And The $55 Million Handshake

by Wochit 0:40 mins

Months before Fairfax Financial Holdings bid $4.7 billion for BlackBerry, Fairfax boss Prem Watsa played a role in securing a golden parachute worth as much as $55 million for Thorstein Heins, the smartphone maker's chief executive. The new contract that Heins signed in May tripled his compensation to an estimated $55.6 million if there is a change of control at BlackBerry, up from $18.9 million previously, according to a securities filing on May 21.

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