BlackBerry chief executive could receive $55.6M

BlackBerry CEO Thorsten Heins could receive as much as $55.6 million if the company is sold and he is ousted from the top job.

Heins would receive $48 million in equity awards, based on the company's share price at the end of its latest fiscal year, according to a regulatory filing earlier this year. He would also get $7.5 million in compensation for his salary and bonus under the change of control provisions in his contract.

Heins could receive millions if he's ousted post BlackBerry sale (Image credit: Reuters)

The company would pay $72,000 in benefits and retirement savings.

BlackBerry announced that a sale of the company was one option that would be considered under a strategic review of the company, which has lost market share to Apple and Android-based phones.

Associated Press