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.
Founder and former co-CEO Mike Lazaridis hopes to save the foundering smartphone maker.
Mike Lazaridis wasn't technically ousted as BlackBerry co-CEO but voluntarily stepped down amid stockholder pressure.
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.
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.
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.