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He's out as chief executive after just 22 months on the job, but is being rewarded for failure with a multimillion-dollar severance package. Nor have the two men who preceded him at BlackBerry former co-CEOs Mike Lazaridis and Jim Balsillie. Mr.
The flaming wreck that appears to be BlackBerry Ltd . (BB) is no such thing. The company can still boast tens of millions of customers worldwide...These include trove of patents; a QNX unit rich in software that enables machines to talk with each
Even after handing over the reins to interim CEO John Chen, Heins in a letter to BlackBerry employees said that he will continue to be 'cheering from the sidelines', the Verge reports. According to the report, the full text of the letter reveals a
Ashton Kutcher is Lenovo's newest 'product engineer' Instead, Fairfax will invest about $1 billion into the company with a group of investors, with Fairfax taking a $250 million stake. As part of the investment agreement, BlackBerry will replace CEO
Heins was supposed to land a payday worth nearly 56 million dollars in the event that he was fired following the sale of BlackBerry, as per the new employment contract struck in April. However, since the acquisition deal with Canadian firm Fairfax
Investor Marvin Pearlstein has alleged that the sinking smartphone manufacturer and two of its executives made false and misleading statements that the company was progressing on its financial and operational commitments and the previews of its
A class action lawsuit has been filed against BlackBerry by a shareholder claiming the company misled investors about its future, including how the BlackBerry Z10 smartphone would fare against competitors. The lawsuit seeks to represent thousands of
Story One common theme among readers was that, while BlackBerry was ahead of its time with its e-mail technology, it failed to foresee the logical next step. The downfall started June 29, 2007, the day the iPhone was introduced, one commenter wrote.
In the face of a dismal earnings report, even BlackBerry chief executive Thorsten Heins struggled to find a silver lining. The beleaguered smartphone maker reported a loss of $965 million during the second quarter and more than $1 billion during the
The company logo is see at the Blackberry campus in Waterloo, September 23, 2013. Top BlackBerry executives sold small blocks of the company's stock on the day that the smartphone maker warned of a huge quarterly operating loss and massive job cuts,