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December 16, 2011 03:28 am GMT
Well now, this call turned out to be much more interesting than I expected. First, RIM co-CEO Jim Balsillie has just announced that he and partner Mike Lazaridis will be cutting their annual salaries down to $1. According to Forbes, both men currently receive $1,175,664 per year. While they don't appear to receive annual bonuses, they both receive restricted stock awards, although the terms under which those stocks can vest are unknown.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/oaP9sfokuaQ/
From RIMs Conference Call: CEO Pay Cuts & Dual-Core LTE BlackBerrys
Well now, this call turned out to be much more interesting than I expected. First, RIM co-CEO Jim Balsillie has just announced that he and partner Mike Lazaridis will be cutting their annual salaries down to $1. According to Forbes, both men currently receive $1,175,664 per year. While they don't appear to receive annual bonuses, they both receive restricted stock awards, although the terms under which those stocks can vest are unknown. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/oaP9sfokuaQ/
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