When John Chen took over as interim CEO followed by CEO of BlackBerry there were incentives, similar to those of former CEO Thorsten Heins, with the recent surge in BlackBerry’s stock Chen’s salary jumped from $88 million to a now $135 million and growing with his performance based bonus.
It’s good to be John Chen, bringing in his own staff, slowly turning around a company and seeing a positive change for BlackBerry is what was needed. BlackBerry’s shares are now up more than 60% since the last December 20th earnings call. There is no doubt the Pentagon choosing BlackBerry as its main source for devices is certainly a very large boost to keep investors feeling secured.