BB: BlackBerry (fka RIMM: Research in Motion) Message Board

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Technology Stocks : BB: BlackBerry (fka RIMM: Research in Motion)

BB 3.945

+4.8%

Dec 22 3:59 PM EST

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To: kidl who wrote (1362)	6/21/2018 8:30:09 AM
From: kidl	of 1833

Globe says BlackBerry shareholders okay Chen's paypack BlackBerry Ltd (C:BB) Shares Issued 537,111,645 Last Close 6/20/2018 $15.85 Thursday June 21 2018 - In the News The Globe and Mail reports in its Thursday edition that BlackBerry shareholders voted in favour of an executive pay package on Wednesday that could see chief executive officer John Chen earn more than $400-million over the next five years (all figures U.S.). The Globe's Josh O'Kane writes that at BlackBerry's annual meeting in Waterloo, investors voted 90.6 per cent in favour of a compensation package that puts Mr. Chen in line for another $90-million, on top of stock awards designed to be worth more than $300-million granted when the CEO received a five-year contract extension in March. The CEO's "performance-based cash award," only recently made public, depends on whether he can pull off the company's transformation from a smart phone maker to software supplier and get BlackBerry's shares out from the doldrums to reach $30 on the New York Stock Exchange any time before Nov. 3, 2023, when his contract expires. BlackBerry closed Wednesday at $11.90. Of the stock awards announced in March, five million shares have a performance-based requirement, vesting in equal amounts from 2019 to 2022, with each one-dollar rise in its stock price starting at $16 and up to $20. ISS recommended a "yes" vote on Mr. Chen's pay. © 2018 Canjex Publishing Ltd.

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