RE:Mr. John Chen new CEO or "interim" CEOThe self describing word 'Interim' applies to almost everyones title, not many are able to boast they are in place for an eternity. John Chen started out as the immediate interim, but from my read of the compensation package, likely to be around for 5 years and this can put the rudder back on the BB ship sailing to an oasis. Many are aware, a ship without a rudder will eventually run aground - or in BB case self distruct.
The compensation package offered to Prem Watsa for putting in the $9/share bid in total ($125 million), is not much of the current compensation package to John Chen and IMO was rolled over to Chen instead of Watsa. The compensation package was going to handed out - so let it be to John Chen with a proven track record. Yes in just about everyyones thought is - why so much when there is such a high cash burn? The question answers itself, if there is no effective leader in place such as Chen the cash burn would be outa control, now this should come under control and it likely means hiring back some of the valuable BB employees that got this company to this point. Without the workers to keep the ship afloat or new ones to replace those 'tired and burned out', again the ship is adrift.
There needs to be new ideas and workers to help compete amongst the other technological giants in this enroute to the oasis ($100/share), and suffice to say - now with some key people such as Chen and mid level managers and workers already in place, all we need is some time and positive work to succeed.
Regardzzz............Barrhead