Six months ago I wondered if Blackberry CEO Thorsten Heins was the world’s bravest executive?
It turns out his bravery wasn’t rewarded as Blackberry’s brave attempt to reclaim their smartphone market share failed and now their hopes of a private equity takeover has failed with Heins announcing his resignation.
Heins is still a risk taker though with Business Insider reporting that he may have forgone up to fifty million dollars in termination payments.
Still he walks away with several million dollars, so life isn’t too hard for Thorsten.
For Blackberry though the struggle continues with the company hoping to raise a billion dollars through a convertible note issue. It would be an investor braver than Thorsten Heins who takes that offer.