BlackBerry CEO Thorsten Heins Eligible for $56 Million Golden Parachute and 2 Other Hot Stocks to Watch

BlackBerry Ltd. (NASDAQ:BBRY): Current price $10.5499

As would be typical for chief executives, Thorsten Heins might receive a gigantic golden parachute payout if he sells the company and is then without a job. Last year, Heins would have received as much as approximately $21 million in a “double trigger” payout were his company to be acquired and he had then been terminated as CEO.

However, this year that payout would be worth $56 million, giving Heins a powerful incentive for selling the firm instead of turning it around himself. His regular compensation totals only $9 million a year, which gives him a good reason to sell BlackBerry rather than stay on as its boss.


Cisco Systems Inc. (NASDAQ:CSCO): Current price $24.53

On Friday, Cisco announced that the regional telecommunications service provider Shenandoah Telecommunications Co. has updated its dense wavelength division multiplexing fiber-optic network with Cisco’s Coherent DWDM technology so as to support 100 Gigabit per second speeds to its subscribers throughout Virginia, West Virginia, and Maryland. The Cisco ASR 9000 Series router will supply resilient high-speed IP services.

Shenandoah is the first service provider to deploy Cisco’s 100G network solution within Virginia and West Virginia. It will be able to provide multiple 10G or 100G wavelength services.


JDS Uniphase Corp. (NASDAQ: JDSU): Current price $13.88

JDS announced Friday that it has priced $575 million aggregate principal amount of its 0.625-percent senior convertible debentures due in 2033 in a private offering to qualified institutional buyers through Rule 144A under the Securities Act of 1933, as amended. The company has granted the first purchasers a 30-day option to buy as much as an additional $75 million aggregate principal amount of the notes. The sale should close on August 21, subject to the usual closing conditions.

JDS estimates that net proceeds from this offering will be roughly $563 million or around $636 million if the initial purchasers buy additional notes in full, after deducting the initial discounts and estimated offering expenses.


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