According to available documents, Chen's basic salary will amount to 1 million dollars annually, with an option for an additional two million bonus, depending on the success. Additionally, the new CEO received BlackBerry stocks that are at this point valued around $85 million, and he will be able to cash them after a period of five years. In the event of termination, Chen will receive $6 million severance.

Chen will remain at the position of CEO until a new CEO is assigned. So far there is no information on the progress of the selection, but rumors say that Chen is most likely candidate to permanently take the lead position at BlackBerry.

Tell us what you think in our Forum