Editorial

What to make of BlackBerry CEO’s compensation in the event of a change of control

What to make of BlackBerry CEO’s compensation in the event of a change of control

Today I enjoyed reading an article from my friend Hugo Miller over at Bloomberg. He nicely summarizes the fact that Thorsten Heins stands to make $55.6 million in the event that BlackBerry is sold, and he is ousted as CEO. The details are all spelled out in a proxy filing from May. I’ve read through the Bloomberg story and the proxy filing.  The situation is fairly complex, and I haven’...

Chris Umiastowski 289
Roundup and commentary on news around BlackBerry’s strategic alternatives discussion

Roundup and commentary on news around BlackBerry’s strategic alternatives discussion

Early Monday morning things started off with a bang. BlackBerry announced that it’s board of directors had established a special committee to look at strategic alternatives including a possible sale of the company. I already discussed the matter briefly here and also here. I’ve been reading lots of the other news stories and watching some of the video clips. I notice that pretty much...

Chris Umiastowski 225
Scotiabank sees a sale or partnership as more likely than BlackBerry going private

Scotiabank sees a sale or partnership as more likely than BlackBerry going private

Today I had a read through a report from Gus Papageorgiou from Scotiabank. On the back of the announcement of a special committee to explore strategic alternatives, he raised his target price on the stock. His new target is $14.20, up from $12.50 previously. In his report, he comments on the higher probability of a sale of the company or a strategic partnership versus a going private...

Chris Umiastowski 201
Quick take on the BlackBerry strategic alternatives announcement today

Quick take on the BlackBerry strategic alternatives announcement today

It has been over one year since BlackBerry hired JP Morgan and RBC Capital Markets to help it explore strategic alternatives such as finding a partner or licensing the BB10 operating system. What happened during that time?  I’m not sure. As far as I can tell nothing has happened, except both investment banks have likely been paid nice fees for being on the assignment. Was this strategic...

Chris Umiastowski 439
Despite a meeting with Silver Lake, I don’t see BlackBerry going private

Despite a meeting with Silver Lake, I don’t see BlackBerry going private

Late last night, Reuters published a story suggesting that BlackBerry’s board of directors may actually be opening up to the idea of going private. So in good CrackBerry form, I thought I should write up something that explains what it means and how it might change things for the company if it happens. Let me start by saying this:  I don’t think BlackBerry is going private anytime soon...

Chris Umiastowski 262