BlackBerry says it believes its compensation needs to be competitive in a challenging market for talent.
Two major proxy advisory firms, Glass Lewis & Co. and Institutional Shareholder Services Inc., recommended shareholders oppose the non-binding motion. CEO John Chen s substantial stock awards have garnered close attention, especially as the company s share price has at times surged as it has been promoted on social media as a so-called meme stock.
Meanwhile, Prem Watsa, the lead independent director who chairs the compensation committee, was re-elected despite recommendation from the advisory firms to withhold support. The CEO of Fairfax Financial and director Barbara Stymiest received just about 82 per cent support.
BlackBerry shareholders give tepid support to executive compensation program | iNFOnews
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BlackBerry shareholders give tepid support to executive compensation program - Medicine Hat NewsMedicine Hat News
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