Dennis Faas's picture

BlackBerry CEO Cashing In Despite Firm's Failures

BlackBerry, the Waterloo, Ontario-based company formerly known as Research in Motion, is in big trouble. However, the firm's chief executive officer, Thorsten Heins -- who BlackBerry tapped to take over as CEO just last year -- is set to make more ... than $50 million in salary and incentives if he's forced out of the firm's top job. Heins had served in several executive positions prior to becoming BlackBerry chief executive officer in January 2012. He joined the firm as Senior Vice President of the BlackBerry Handheld Business Unit in 2007 after working for several hardware and software ... (view more)

Dennis Faas's picture

BlackBerry CEOs Step Aside; Experts Still Doubtful

In an attempt to calm investors and win back the support of consumers, troubled BlackBerry-maker Research in Motion (RIM) has announced a major management transformation. Co-Chief Executive Officers Mike Lazaridis and Jim Balsillie have officially ... resigned their posts and will be replaced by a single man: Thorsten Heins, who has been with the company since 2007. Speculation about a change of this magnitude has been circulating for months , following an extremely rocky calendar year for the Waterloo, Canada-based manufacturer. Several of the firm's major projects, most notably the PlayBook, ... (view more)

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