c e o lost the plotNormally the ceo would have been cut loose, pink slipped.
In this freak instance the ceo spent his way into total control. Not only has he failed to achieve his objectives, but, the ceo has spent funds that were necessary for Rainy Days.
Simply the BoD cannot afford the $69M to cut gone when loose with the shambles of Cylance and other expenditures running the enterprise deep into the weeds leaving many institutions running for the exits... ergo they lost faith in the chef exit office r, ergo the company BlackBerry is now at financial risk. An example of that is the accelleration of the toboggan ride down as his past projections went unmet as does seem the Patent Sale funding... if you read the pundits on GameTheory it does not bode well.
Today the score board says:
BB market capitalization $02.236B
CRWD market cap $28.177B tick tock, the employee ceo and carpet bagging BoD are a sad reminder of the fiasco NT went through less than 20 years ago!
jaune chien should have exited BB 10 months ago.