A year ago, Balsillie owned 26.8 million shares of stock in the smartphone maker. Now he's down to zero.
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.
The former co-CEO and co-chairman apparently wanted to offer his company's network to carriers in the U.S. and elsewhere to boost the BlackBerry maker's financials.
Jim Balsillie, the former co-CEO of BlackBerry maker Research in Motion, is appointed to chair of Sustainable Development Technology Canada.
RIM will look for "strategic" options following a quarter in which co-CEO Jim Balsillie and two executives resigned from the company and BlackBerry shipments plunged.
BlackBerry bosses Jim Balsillie and Mike Lazaridis have stepped down from leadership of Research in Motion.
Jim Balsillie and Mike Lazaridis resign their positions in the beleaguered company as profits decline and investor disappointment grows.
Mike Lazaridis and Jim Balsillie are moving on -- here's five things we think BlackBerry needs to do next to battle Android and Apple.
An informal survey of RIM employees found that, like the company's customers and Wall Street, they weren't so hot about the job co-CEOs Mike Lazaridis and Jim Balsillie did running the show.
commentary The resignations of co-CEOs Mike Lazaridis and Jim Balsillie and appointment of insider Thorsten Heins may not be drastic enough to help the ailing handset maker.