BlackBerry's outgoing CEO Thorsten Heins reportedly stands to get a 22 million dollars exit package as the sinking smartphone manufacturer nears its last days.
Heins was supposed to land a payday worth nearly 56 million dollars in the event that he was fired following the sale of BlackBerry, as per the new employment contract struck in April.
However, since the acquisition deal with Canadian firm Fairfax Financial appears to have failed, Heins will get a smaller package, AllThingsD reports.
Heins will get his current base salary of 3 million dollars for 24 months, plus benefits and the 5 million dollars are payable either as cash or as restricted stock units (RSUs), along with more stock options, the report added.