BlackBerry chief executive could receive $53.7M

Associated Press

TORONTO (AP) — BlackBerry CEO Thorsten Heins could receive as much as $53.7 million (CA$55.6 million) if the company is sold and he is ousted from the top job.

Heins would receive $46 million (CA$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 $7.25 million (CA$7.5 million) in compensation for his salary and bonus under the change of control provisions in his contract.

The company would pay $69,500 (CA$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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