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 abandons his plans to buy the ailing smartphone maker via a joint bid with a fellow co-founder.
The latest executive to sit at the top of BlackBerry goes back to the drawing board for what could be the beleaguered phone maker's last grasp at survival.
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."
CNET takes a look at how AT&T is able to strike so many agreements, including past notable exclusives, and explains why they make business sense even as they irk consumers.
As the deadline approaches for Fairfax Financial to firm up its offer for BlackBerry, the two companies are jumping into the ring with co-founders Mike Lazaridis and Doug Fregin, The Wall Street Journal reports.
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.
The future of BlackBerry could be decided today as the troubled company hurtles towards today's deadline to find a buyer.
The embattled company couldn't secure a deal to go private or find buyers, and will lean on $1 billion in fresh financing. Does it have a last hurrah?