Ex-Rogers CEO Guy Laurence earned $13,452,873 in ‘separation payments’ to leave the company

Comments

  • Techguru86

    They don’t call them Robelus for nothing lol

    • It’s Me

      It’s amazing how much you get as a golden parachute when you do so well at you job to screw people over but still don’t screw them enough to make the Rogers family happy.

    • Captain Henry Morgan

      I hope Marissa Mayers isn’t reading your comment. LOL

  • Stephen B Morris

    Well good for him. They should pay him.

  • The real Chug that Haterade

    What? I’m shocked!!! A certain person that constantly is ripping on BlackBerry for executive parachutes isn’t here bashing Rogers for this 14M dollar payout…

    • Shogun

      lol! Hey I’m no Rogers fan by any measure and dumped their service long ago however that said its a going concern that’s actually profitable. Something that can’t be said about your lousy Blackberry where it seems paying out $60 million in severance (as Thorsten Heins got) is something you’d rather not address. What do you think? Yeah. I thought so.
      Even Chen is looking to cash out around $50 million in less than two years from now and for what?
      $14 million is excessive too given his performance here but lets face it, compared to BB separation pay it’s a drop in the bucket.

    • The real Chug that Haterade

      Right on cue…

    • Shogun

      As usual you have nothing of substance to offer here because you know how stupid you come off making a comparison between a $14 million golden parachute and $60 million parachute given to a clown who drove a company further into the ground with a billion dollar write down.

      Nice try…

    • The real Chug that Haterade

      Hilarious how you pick Thorsten’s “golden parachute” when you know very well that you’re out here whining and complaining about any and every executive that leaves BlackBerry…

    • Shogun

      Whining and complaining? LOL! Nice attempt at deflection buddy but you sound totally imbecilic coming out here talking about Laurence and his $14 million while Heins walked away with three times that amount. For running the company into the ground.

      You really have no shame defending that turd do you? Its actually despicable how low you’ll go and lest you forget you’re the one who started in on Blackberry with this story. Desperate? Much?

    • The real Chug that Haterade

      Hahahaha again, cherry pick much? My comment was in direct reference to you whining and complaining on the article on March 2nd about Jim Mackey leaving the company. Speaking of desperate…. hilarious how you constantly complain about their payouts like you are writing the check for it… GTFO…

    • Captain Henry Morgan

      Chen won’t give a s*** if Blackberry tanked…He will still get paid millions while everyone at BB will lose their jobs.

    • The real Chug that Haterade

      Most of Chen’s compensation is tied up in BlackBerry stock… so if the stock price tanks, so does his money. Plus, if BlackBerry tanks and goes bankrupt, there won’t be any cash in the kitty to pay him…

    • Shogun

      LOL! What a ridiculous statement. At present valuations Chen stands to walk away with at least $50 million in compensation so sure, the stock could tank even further in the next 18 months but its fair to say it probably won’t go down that far but neither will it go up much either. So investors get screwed (as usual) and he walks away with tens of millions for doing what exactly???

      And to think you’re out here yapping on about a $14 million package. Unreal…

    • The real Chug that Haterade

      It is hilarious how you continue to make stuff up and try to pass it off as fact…. you’re the Canadian equivalent of Donald Trump. So you know for a fact that Chen’s parachute is $50 million? And where is that money doing to come from if the company goes belly up?

      Ps. According to Equilar, Laurence’s salary is 2.5 M, stock awards were 3.3M and Option awards were 2.2M

      Chen’s: 1.2 M salary and 2.3M stock awards….

      You were saying?

    • Shogun

      Uh…Chen’s restricted stock units are 13 million buddy, not 2.3M Do your homework please before flapping your gums.
      The only way he loses is if he’s fired in which case he gets salary for the remainder of the year, plus a $6 million payout and benefits for 18 months.

      Yes, I do know more for a fact than you and where I stand corrected is that his payout is worth $91 million USD today not $50 million.

      New BlackBerry Chairman, CEO John Chen receives $88 million pay package

      Nov 11, 2013 The Associated Press

      TORONTO – New BlackBerry chairman and interim chief executive John Chen has a large pay package.

      In addition to a $1 million base salary and $2 million performance bonus, the Waterloo, Ontario, company will give him 13 million BlackBerry restricted share units, worth $85 million based on the current stock price, that will vest over five years.

      The former Sybase CEO signed on last week, when the smartphone maker abandoned plans to sell itself. The details were disclosed in a Securities and Exchange Commission filing on the strategy shift.

    • The real Chug that Haterade

      Riiiiight… I never disputed his compensation package but parachute is only a portion of that. And his “golden parachute” could be as little as 7 million dollars if he is fired plus benefits..

    • Shogun

      Haha…The chances of Chen being fired are pretty slim at this juncture but as usual you’re dancing around the issue. Chen stands to gain compensation which is nearly 3 times that of Laurence’s package and all he’s done really is stave off a bankruptcy. The shares don’t have to appreciate much for him to make tens of millions for doing absolutely nothing worthy of that kind of payout. If you think he’s worth that much at the end of his tenure here then you have some strange ideas of corporate accountability and return on investment for shareholders.

      The history of that company is one of enriching insiders no matter what shape the outfit itself is in.

    • The real Chug that Haterade

      Again, you cry like it is coming out of your pocket. Don’t like it…. talk to the Board of Directors.. they are the one that set his pay… not him.

    • Shogun

      Why can’t you just acknowledge the compensation they pay out is disgusting when you measure it against performance? I’d have far more respect for your opinions if you’d deal in reality instead of coming out here defending it and making stupid statements like whether it comes out of my pocket.
      It’s coming out of yours pal and you should be concerned. You’re a piece of work you know that.

      And you’re a shareholder and help elect that BOD. You have far more stake in that than I do so vote those clowns out if you care about your investment.

    • The real Chug that Haterade

      Hahahahahah and why can’t you acknowledge that you whine and cry about EVERYTHING BlackBerry does? Do you think BlackBerry is the only company that gives their execs golden parachutes or has execs that are ineffective? Are you whining about those companies too? Likely not.. And maybe you should spend less time crafting your own little stories to fit your agenda and pay attention.. I repeat…. I DON’T OWN BLACKBERRY SHARES… repeat that.. and let it sink in. Now that you’ve hopefully grasped that, how is it coming out of my pocket other than through the devices I’ve purchased?

      Ps. It is cute that you think I actually care that you don’t respect me or my opinion because, frankly, the feeling is mutual.

    • Shogun

      LOL! You don’t own Blackberry shares? Riiiight! I think if we dug through your history far enough we’d find you admitting to owning paper here somewhere.

      But that aside what is your problem with admitting this company has been poorly run, to the point of disgusting with their compensation for insiders, when you consider the state their operation is in? I mean you come out here and rave on about Laurence and his $14 million and then drag BB into it which is patently ludicrous when you compare their severance packages to past and dare I say current execs.

      You then go on and talk about ‘other companies’ which isn’t the point and you full well know it. You can never admit anything is wrong with that company and downplay or dismiss everything else as unimportant. When I criticize them its because they can’t monetize anything they sell and a business model that has proven to fail time and again. The market shares this sentiment as reflected in the stock price and the exodus of insiders here the past 2-3 years speaks volumes of the internal culture. Of course you’d say ‘other companies’ go through the same. lol! Suuuure they do. Especially companies on the verge of great things on a ‘turnaround’

      Its one thing to like your Passport phone but its quite another to come out here to defend the indefensible just because you think Apple fanboys or ‘haters’ are out to get the company when you can point the finger straight at Waterloo if you’re looking for the source of their woes.

    • The real Chug that Haterade

      So what is your excuse for being on EVERY BlackBerry article like white on rice? And you go dig through my history because apparently everyone that posts anything contrary to your agenda is a “liar”. You seem to have plenty of free time so you trawling through every BlackBerry post in hopes to find something that doesn’t exist should keep you busy for awhile.

    • Shogun

      And your excuse for being on EVERY Blackberry article is???

      You really are out of touch with reality as demonstrated by the rest of your inane post.
      Just because you can’t do something about it doesn’t mean it can’t be criticized nor shouldn’t be.
      Once again you’re more interested in why I’m here than an honest examination of the company, and even when you are supposedly, it’s always the same old retort about ‘other companies’
      We aren’t talking about ‘other companies’ or GM or whatever. We are talking about a piece of shjt outfit that hasn’t traded much above $7.00 for practically 18 months and not much better than where it was when Chen took over, and where revenue continues to decline one quarter after another while insiders leave en masse and the product lines implode or are slow growth at best which hardly justifies current valuations.
      Set that against a backdrop of ‘security’ talk when they provide no transparency reports on this and willingly hand info about its customers to authorities without question and to see you sit here and gloss it over is nothing short of shameful.

      All this proves is that you’re either unwilling or unable to think critically about anything other than what some insiders tell you.

    • The real Chug that Haterade

      You’re all about deflecting because you know it is downright pathetic to spend your life whining and complaining about a company, their executive compensation, or their products when NONE of it (and I repeat NONE) has any impact on your existence whatsoever… I could possibly understand some of it if you were a shareholder or owned a device like the Priv that hasn’t gotten updated to Nougat yet…. but you are none of those things… your constant bashing of them is akin to someone constantly complaining about a burger joint that he has eaten at once and didn’t like the food…. the food stunk…MOVE ON… there are other options. I’m curious what you hope to accomplish with your incessant bashing of BlackBerry? You gonna “whip them into shape”? You gonna “educate” the public?

  • Ron S

    Seriously…I hope all you Rogers subscribers are OK with your hard earned monthly payments going to these execs.

    • djino

      I’m ok with it. $49/month for a 10GB wireless plan is good with me.

    • DownwithRobellus

      calling bs on this one. You are definitely not on a regular market plan and most likely a Roger’s employee shill that still has his/her job. Don’t act like you can easily go out and get a plan like that!

    • djino

      Calling BS on my plan? Did I say its a regular market plan? Was I even responding to you? I basically said I’m ok with my hard earned money going to these execs since I’m paying $49/month for 10GB.

      How does my message at all imply that anyone can go out in get the plan. Perhaps you should look into the context of the message before you post next time. lol.

    • DownwithRobellus

      You know exactly what you were trying to do. Oh look at me I’m only paying $49 for 10Gbs while the same plan for us “regular” customer easily costs over $100 with Rogers.

      Are you happy to tell the world you got 10Gbs now for such a great deal? Feeling good there buddy? Don’t teach me about context when your trying to get a hard on for plan like that.

    • djino

      Seems like someone can’t see passed their jealousy that they need to continue to read into things that are not there.

    • DownwithRobellus

      I’m on the Koodo MB plan but I’m sure everyone here wouldn’t complain about giving Rogers $49 for 10Gbs. I’d be fine but that just isn’t the case is it?

    • djino

      I wasn’t speaking for everyone else. I was simply speaking for myself in that I don’t mind being a Rogers subscriber giving my hard earned money to Rogers execs since “I AM” personally only giving them $49/month for my 10GB plan.

      You seem to be assuming I’m saying all those things (which I didn’t nor did I imply it). But its all good, I will just “assume” you missed your daily chill pill dosage today. Good day.

    • Shogun

      What a crock? $49 for 10GB? lmao! You must think people are real shmucks here to believe that BS.
      You clearly are an employee for this outfit.

    • djino

      Rogers Quebec has the 10GB plan for $70 (look for it yourself, its there on the Rogers website for Quebec). As a Federal Gov employee, I get 30% off any Rogers plan (This is also widely known). $70 – 30% = $49.

      I’m no Rogers employee. Now that I have proven you wrong, lets move on, shall we?

    • Shogun

      Yeah. Bingo. As FEDERAL GOVERNMENT EMPLOYEE which is to say that its not available to everyone and actually quite exclusive.

    • djino

      @TheLastFullMeasure:disqus, now I know you are not that stupid? Before posting this last comment, you did read the conversation between DownwithRobellus and I?

      As I said to DownwithRobellus, I never said nor implied that the plan was available to everyone nor was I even originally replying to you. I was simply stating that I don’t mind being a Rogers subscriber paying my hard earned money to Rogers execs due to the $49/month plan I have. You yourself jumped in the conversation by saying that I wasn’t being truthful about my plan or I was some sort of Rogers employee. I replied to you indicating neither of those assumptions were true.

      In the future, to avoid looking foolish, you may want to try to have an understanding of the dialogue being had before jumping into it with your nonsense.

    • Shogun

      I read the comment just fine but you are out here bragging about an exclusive offer available to a few while everyone else is getting corn holed so I think fundamentally this issue is your gloating when its totally uncalled for.

    • djino

      I wasn’t gloating nor bragging. Your jealousy issues are not of a concern to me.

    • Shogun

      Yeah well the feeling about your post isn’t mine alone and I have no jealousy issues. Just saying that to come out and say how great you feel about $49 for 10 GB when no one else can get access to that offer is rather ridiculous.

    • djino

      You most certainly do have jealousy issues. My original reply wasn’t even in response to you. If you actually read the person I replied to, you’d come to realize that it is implied that I’m happy with giving my hard earned money to Rogers execs due to the plan I’m on.

      All you are focused on is the fact that I have a $49/month 10GB plan that you first believed it wasn’t at all true and after proving you wrong, have now re evaluated to be bragging.

      You should go talk to someone about your jealousy issues, because it’s apparently having a bad effect on you.

    • Shogun

      lol! Whatever buddy. What are you a therapist? Get over yourself and your $49 10 GB plan.

    • The real Chug that Haterade

      This sort of nonsense is par for the course for him. He lives is his own little world where you are a liar or a shill if you post something that he doesn’t agree with. You think this is bad, you should take a gander at pretty much any BlackBerry article.

    • Raymond Bungay

      Right on!????

    • Captain Henry Morgan

      It could have been $39/month for a 10GB! But this is how capitalism works….

    • Raymond Bungay

      I’m all good as I have 2 years left with all my services, cable (VIP) Ignite 70 unlimiteded internet, home phone and cell service, free equipment tv and cable and unlocked IPhone all for $181.18 taxes and fees all in. Who knows in 2 years what will happen but for now I am ????????????????????

  • MoYeung

    A guy named, “it’s me, rogered”, is thinking why someone got “rogered” and received 14 million while he got less than nothing. According to him, it only means Canada is “not perfect” instead of “blatantly unfair or messed up”.

    • It’s Me

      Happens all over the world. Even back home in China, the rich are mega rich while the many millions of poor live in dirt. Still would prefer to live in Canada and certainly, if I hated it here, I would leave. It takes a special kind of pathetic person to stay where they are unhappy and bitter.

      duh.

    • MoYeung

      You are from mainland china? How long you been in Canada?
      I knew it. Many people with connection or better opportunities all moved back to Beijing, Shanghai and etc. But for people like you, who earns 2000 a month in factory, of course it is better to stay in Ice-cold Canada. At least the minimum wage is higher for losers like you.

    • It’s Me

      hehehe

    • Lulzon

      What does CEOs being overpaid have to do with Canada?

    • It’s Me

      You’re going to open a can of batshit crazy by questioning Mo’s wacko logic…

    • MoYeung

      I don’t know what you are talking about. But thanks for telling me why you are stuck here on welfare, instead of moving back to china.

    • It’s Me

      See. Batshit crazy.

    • MoYeung

      Maybe you can tell us how a refugee like you benefit from using smartphone? You can’t afford to buy one with your old salary back home.

    • It’s Me

      Hehe. Wow. Now you hate refugees too. Is it because they are doing better than you?

      I’m not a refugee but I’m glad we take them in. People need a better place to go to, like Canada. You might hate it here. You might be a failure. You might not be allowed back in China because of their strict anti-perversion laws. But Canada is still a great place.

    • MoYeung

      Canada has labour laws and regulations, does it?

  • Clean Toronto

    Cool. No wonder Rogers service is so amazing /s

  • vn33

    Wonder how many front line sales people had to lose their jobs to balance the book for this compensation package?? /s

    • ItsaRyan

      I lost my job and I was in the engineering group. It’s not just front sales staff that lost their jobs.

    • vn33

      Hey … Sorry to hear that! Hope you are back on your feet and employed somewhere!

  • fruvous

    They’ll have to drop staff and raise rates to cover this expense.

  • DownwithRobellus

    How disgusting is this? I’m sure a lot of us regular workers would be glad to get a few weeks pay by a company but this man rakes in $13 million. $13 million for going to work, not rolling out anything new, a poor performer, low customer retention rate and cutting costs for the company.

  • Bob Loblaw

    Of course he got compensation. He successfully robbed millions of Canadians.

  • Ali F.

    That is why they sent me a $5 increase to my internet. They said that the increase is needed to maintain good service 🙂 what a joke. I have ignite 250 with their latest modem/router that turns out to be buggy so I disabled the router and I am using my own d-link.