The Globe and Mail reports in its Thursday edition that after more than a decade of criticism for lavishing excessive spending on its executives, BlackBerry seems to have a bargain in new chief executive officer John Giamatteo. The Globe's David Milstead writes that Mr. Giamatteo, an internal hire who keeps his job running BlackBerry's cybersecurity business, will receive a salary of $700,000 and a package of stock valued at $6-million, the company disclosed in a U.S. regulatory filing (all figures U.S.). It is a sharp contrast from BlackBerry's compensation for John Chen, the man Mr. Giamatteo replaces. BlackBerry valued Mr. Chen's first-year compensation package in 2013 at almost $85-million, much of that in the form of a massive grant of stock. In 2018, when the company extended his contract for another five years, it made another stock award valued at $106.3-million. The performance of BlackBerry stock over the course of Mr. Chen's tenure ultimately dented the value of those awards. When he departed in early November, BlackBerry shares were 28 per cent below the close on the day he joined the company. Mr. Chen sold more than 11 million BlackBerry shares from 2016 to 2022, for $98.9-million in gross proceeds.