BlackBerry's CFO, CMO, and COO Leave Company
cagraham writes "In a pretty major executive shakeup, BlackBerry's Chief Financial Officer, Chief Marketing Officer, and Chief Operating Officer have all left the company. It's unclear whether the changes were brought about by new interim-CEO John Chen in order to facilitate company change, or represent an abandon-ship style exit after BlackBerry's failed bid to go private. The company announced that the CFO position would be filled by current SVP James Yersch, but gave no word on the other vacancies."
That's three more rim jobs available.
That's not necessarily a sign of trouble at the company - they probably just wanted to spend more time with their families and maybe pursue some hobbies, just like all top executives that leave a company.
Those golden parachutes are needed to encourage top talent. A reward for a job well done.
Indeed. Who in their right mind would accept a job with a 7 figure salary without the guarantee of financial stability for the remainder of your natural life?
EJECT! EJECT! EJECT!
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The main difference are that when private enterprise raises money, the investment is voluntary, and when a private enterprise fails, they go away.
Life is harsh in the private sector. A moment of silence, please, for the following companies that failed and are presumably no longer in business:
General Motors
AIG
Bank of America
Citigroup
JPMorgan Chase
Wells Fargo
Chrysler
Goldman Sachs
Morgan Stanley
PNC Financial Services
-- Using the preview button since 2005