Thorsten Heins Would Love to Sell BlackBerry

By Steve Heller – Aug 19, 2013 at 6:00PM

NYSE: BB

BlackBerry

Market Cap

$2B

Today's Change

(3.21%) $0.09

Current Price

$2.89

Price as of April 23, 2024, 4:00 p.m. ET

But that’s going to be easier said than done.

Bloomberg is reporting that Thorsten Heins, the CEO of BlackBerry (BB 3.21%), is going to get quite the golden parachute if he can sell the company and be replaced by a new leader.

At current prices, Bloomberg estimates Heins' golden parachute compensation package to be worth approximately $44 million. For that kind of money, it's currently in Heins' best financial interest to sell the company and live off the spoils.

However, finding a potential suitor may prove to be difficult for a number of reasons. Pacific Crest analyst James Faucette believes that the company's $4.3 billion in purchase commitments may put a damper on share premiums. Additionally, the company's shrinking market share may make potential suitors wary.

In the following video, Fool contributor Steve Heller discusses Heins' golden parachute and why it'll likely be difficult for the company to be bought out for a high premium.

Fool contributor Steve Heller has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.