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.
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.
BlackBerry bosses are reportedly considering ousting chairmen Mike Lazaridis and Jim Balsillie to reverse a disastrous year for RIM.
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.
Mike Lazaridis and Jim Balsillie are moving on -- here's five things we think BlackBerry needs to do next to battle Android and Apple.
Under heavy investor fire, Mike Lazaridis and Jim Balsillie could give up their posts as co-chairmen to make way for an independent director.