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Article: BlackBerry to receive $1 billion investment from Fairfax Financial
And old Thorsten will receive quite the golden parachute by stepping down.
Last ditch anyone?
As I read the news I can't help but shake my head. What's left of their stocks are plunging lower very fast, the take over bid is dead, CEO is richer and out, yet they say One Brand, One Promise. What promise are they making?
Geez Lo WeeZ
Parachute? It's more like a Lear Jet!
These guys (it also includes the team members he brought into BB with him) go into a beleaguered company (any company) and always put up a hell of a show. They know full well if it all goes wrong they'll get well paid just to get rid of them. We've read this before, time and time again.
It's one helluva modus operandi and it's apparent, again, no one really cares. Except for Thorsten and his type of cadre.
Money makes this world go round!
So true Del, where would the drive for success be if money wasn't the main gain