BlackBerry (NYSE: BB) CEO John Chen is further cementing his reputation as a turnaround specialist. After transitioning Sybase from a failed database company to a lucrative merger with SAP AG back in 2010, Chen signed up in late 2013 to take over the failing smartphone maker. Comparing BlackBerry to a "sick patient," Chen said he wanted to take on the challenge because "I am abnormal."
As CEO, Chen immediately transitioned Blackberry from smartphones to cybersecurity and connected vehicles. Blackberry's board of directors responded by granting Chen a new contract in 2018 and, thanks to the "YOLO traders" in the Reddit online discussion forum WallStreetBets, Chen is on the cusp of a major payday.
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BlackBerry CEO John Chen Has Millions of Reasons to Love WallStreetBets