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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.
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.
Under heavy investor fire, Mike Lazaridis and Jim Balsillie could give up their posts as co-chairmen to make way for an independent director.
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.
Founder and former co-CEO Mike Lazaridis hopes to save the foundering smartphone maker.
According to a new report, Research In Motion instead decided to focus its efforts on a new phone and BlackBerry 10.
A deal to buy BlackBerry has apparently fallen through, leading the ailing company to fire its boss and recruit a new man at the top.