BlackBerry found quite a way to wrap up 2013. First, the company put itself up for sale as it realized there was probably no other way out of the hole its founders had dug. Then, it changed its mind. CEO Thorsten Heins was ousted and...Show More Summary
ByInfinity Group: It has only been a few weeks since the new CEO John Chen has taken over from Thorsten Heins, yet we are starting to see the direction BlackBerry (BBRY) is being steered. John Chen has released a couple of blogs that are very direct, and he has made major organizational changes. Show More Summary
After BlackBerry received a $1 billion institutional investment from Fairfax Financial and other partners, it announced that CEO Thorsten Heins would be leaving the company and former Sybase CEO John S Chen would be appointed as interim CEO. Show More Summary
After former BlackBerry CEO Thorsten Heins couldn’t manage to clean up the mess that co-founders Mike Lazaridis and Jim Balsillie left behind, a full or partial sale looked like the company’s only way out the hole it found itself in....Show More Summary
BlackBerry has a lot of work to do if it wants to turn its fortunes around. It took the first step by ousting former CEO Thorsten Heins and appointing turn-around legend John S. Chen as the interim CEO. Today, the company announced that it has made some changes in the management and board ranks. Show More Summary
The sea change at BlackBerry continues. Less than a month after firing CEO Thorsten Heins and replacing him with former Sybase chief John S. Chen, BlackBerry is cleaning out the rest of its old executive suite today announcing that the...Show More Summary
Big changes at BlackBerry continue: On Monday, the company announced that COO Kristen Tear and CMO Frank Boulben are leaving the company. BlackBerry recently replaced its CEO with John Chen following in the footsteps of Thorsten Heins, making for a full executive sweep of late. After watching […]
(NEW YORK) — The shakeup at Blackberry is continuing after the ouster of CEO Thorsten Heins earlier this month. Chief Operating Officer Kristian Tear and Chief Marketing Officer Frank Boulben, both hired by Heins, will leave the struggling smartphone maker. Show More Summary
BlackBerry's executive shifts may have only begun, after exiting CEO Thorsten Heins was replaced by John Chen earlier in November, as three more high-profile C-levels get the boot today. The company announced today that BlackBerry COO Kristian Tear, CMO Frank Boulben and CFO Brian Bidulka have all departed the company. Show More Summary
The BlackBerry saga took an unexpected turn recently when the company announced it is no longer interested in a full or partial sale. Instead, it fired Thorsten Heins, it took $1 billion from Fairfax and other investors, it will seek...Show More Summary
Former Sybase CEO John S. Chen has taken up what is arguably one of the toughest jobs out there, leading BlackBerry. After receiving a $1 billion investment, the company’s board announced that CEO Thorsten Heins is leaving, and in his place John Chen is coming as interim CEO. Show More Summary
Incoming BlackBerry chairman John Chen — the man expected to rescue or sell the company — got an $88 million pay package, according to Bloomberg. He arrives as former CEO Thorsten Heins leaves the company. Heins was paid considerably less, $9 million last year. Show More Summary
WASHINGTON — BlackBerry abandoned its plan this past Monday to be sold on the market and said its CEO Thorsten Heins will step down from his post. Reuters reported that BlackBerry failed to come up with a sale that satisfied both the buyer and the company. As a result, their share prices plummeted 16% and […]
The BlackBerry saga took an interesting turn on Monday when BlackBerry announced that it had a change of heart. The company took itself off the table, ousted CEO Thorsten Heins and said it would take a $1 billion loan from Fairfax Financial, which reportedly wasn’t able to raise enough cash for its proposed $4.7 billion buyout. Show More Summary
By Muhammad Bazil: The recent bidding war for BlackBerry (BBRY), the troubled smartphone maker based in Canada, has failed and it isn't certain if its latest move to fire its CEO Thorsten Heins and raise $1 billion in new funds fromShow More Summary
In a letter sent to employees earlier this week, outgoing BlackBerry CEO Thorsten Heins thanked colleagues and said the company is in "capable hands." As far as goodbyes go, Heins’s letter is about as muted as they come. Here is the full text.
BlackBerry pulled the rug out from under customers today, announcing that it was ditching its plan to sell itself to Fairfax Financial Holdings —and CEO Thorsten Heins along with it, the Wall Street Journal reports. Today was supposed to be the day BlackBerry "firmed up" the Fairfax deal (which was...
The embattled smartphone maker is raising $1 billion in new operating funds. read more
BlackBerry has today announced that it has scrapped plans to sell its hardware business, and that it will be replacing current CEO Thorsten Heins instead. The Canadian company has also secured $1 billion from a group of investors led by … Read more › The post BlackBerry Scraps Sale Plans, Fires CEO Thorsten Heins Instead appeared first on Cult of Mac.
BlackBerry startled many when it booted Thorsten Heins, particularly smartphone owners -- would interim chief John Chen want to preserve the company's handset business? Those customers can relax, at least for now. Chen tells Reuters that he expects to continue phone development, arguing that there...