Mike Lazaridis, who was left his position as co-CEO last year, is stepping down from the BlackBerry board as well. His new $100 million investment fund beckons.
According to a filing with the SEC, co-CEO Jim Balsillie received the greater amount -- about $7.93 million in total entitlements -- upon his departure.
Mike Lazaridis, who very recently stepped down as co-CEO, on new chief Thorsten Heins: "I absolutely know he will take this company to new heights."
Mike Lazaridis abandons his plans to buy the ailing smartphone maker via a joint bid with a fellow co-founder.
Mike Lazaridis wasn't technically ousted as BlackBerry co-CEO but voluntarily stepped down amid stockholder pressure.
Founder and former co-CEO Mike Lazaridis hopes to save the foundering smartphone maker.
Known for his long-standing interest in quantum technology, Mike Lazaridis creates a $100 million investment fund aimed at bringing science breakthroughs to the commercial world.
Deep rifts in the struggling handset maker's executive ranks hobbled its ability to compete in the mobile market and led to its eventual downfall, sources tell The Globe and Mail.
Jim Balsillie, the former co-CEO of BlackBerry maker Research in Motion, is appointed to chair of Sustainable Development Technology Canada.
A year ago, Balsillie owned 26.8 million shares of stock in the smartphone maker. Now he's down to zero.