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BlackBerry Is Worth More Than $9: Opinion

One can hope Microsoft (MSFT), Google (GOOG), or even Yahoo! (YHOO) steps up and does for BlackBerry's shareholders what Heins doesn't appear able to do on his own -- get a fair value for the company.

Maybe there's another reason why Heins isn't highly motivated to slug it out through another holiday season -- 55 million reasons to be exact. . It shouldn't come as a surprise, I wrote here and here that Heins was brought in for a quick sale, and his compensation was built to motivate him to find a buyer.

Not only did Heins take much longer than I expected, if the best he can get is $9 a share, then only top management are winners in the deal. BlackBerry may not know how to make a smartphone that sells, but it appears it still knows how to make golden parachutes.

At the time of publication the author had no position in any of the stocks mentioned.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.

Robert Weinstein is an active trader focusing on the psychological importance of risk mitigation, emotion and financial behavior of market participants. Robert co-founded the investing blog StockSaints, where he writes a journal about his trading activity and experiences.

In addition to TheStreet, Robert also contributes to Real Money Pro, providing real-time trading ideas for stocks, options and futures.

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