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

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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