Former Co-CEO of RIM Dumps All His Shares in the Company

Posted February 14, 2013 at 7:34pm by iClarified | Please help us and submit a translation by clicking here | 7328 views

Jim Balsillie, the former co-CEO RIM, has sold his entire stake in the company, reports CNET.

A year ago, Balsillie was one of the largest individual shareholders in BlackBerry (formerly known as Research In Motion) with 26.8 million shares in the company. But in a document filed today, BlackBerry disclosed that Balsillie no longer holds any shares in the company.

RIM's other former co-CEO Mike Lazaridis still serves as vice chairman of BlackBerry and owns 29.9 million shares in the company.

On January 30th, RIM rebranded itself as BlackBerry, launched a new BlackBerry 10 platform for mobile, and unveiled the BlackBerry Z10 (touch) and BlackBerry Q10 (keyboard) smartphones.

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Simon - February 15, 2013 at 9:19pm
Enron anyone?
ju bei - February 15, 2013 at 5:15am
maybe he knew that when the z10 aka samsung s3 comes out it will be a failed clone phone so he jumped ship lol
enrico - February 15, 2013 at 3:56am
Now that's what I call "cashing your chips in" :D
Aruf - February 15, 2013 at 12:20am
The only thing that could have saved them was full android app compatability and they've chosen to rough it out!
Me - February 14, 2013 at 8:41pm
The writing is on the wall.....
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