BlackBerry Ltd(NASDAQ:BBRY) has hired Eric Johnson to be in charge of helm of affairs for its sales in order to ensure that confidence of customers is retained.
Johnson was with SAP as a senior vice president and used to handle the firm’s global database and technology.
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The current CEO Chen has been a colleague of Johnson in his previous stint and is right involved in trying to revive the fortunes of the ailing smartphone maker that has lost a chunk of the market share to Apple and Samsung. Earlier in December, Chen had appointed a former Sybase executive, Mark Wilson to head the marketing division at BlackBerry whereas John Sims was hired to take care of the enterprise division.
Chen feels that the new leadership team has been working together earlier and may be able to drive home the changes faster.
Earlier, the firm struck an agreement with Foxconn Technology Group for outsourcing production and design of BlackBerry for trimming costs.
There is no doubt that Tesla Motors Inc(NASDAQ:TSLA) CEO Elon Musk has a major stake in the company. But, is the CEO strapped of cash is the big question. In 2008, Musk got paid $200 million buyout of Paypal from eBay‘s as he was one of the co-founders.
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He was not having cash at that time as he was borrowing from friends. The details were disclosed in divorce court filing. Musk has put in all money into SpaceX and Tesla, two very popular start-ups.
Last year, Musk was in tears on recounting tough decisions which led to depletion of his fortune.
It was a big risk investing all the millions but Musk did that. He has already disclosed that he was on the verge of nervous breakdown in 2008.
Both firms have fared well and the billionaire’s money is split between both of them. He owns about 27% of Tesla’s outstanding shares making the value of investment $5 billion.
Since Musk’s net worth is $6.7 billion, only some part of his wealth is invested in SpaceX.