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Former BlackBerry co-CEO, Jim Balsillie, Confirms He No Longer Owns BlackBerry Stock

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Jim Balsillie, one of BlackBerry’s previous co-CEO’s, confirmed that he no longer owns any shares in BlackBerry. He disclosed this information in a document filed today with the SEC. He used to own over 26 million shares in BlackBerry which was just under Mike Lazaridis with about 30 million shares. The market is taking this as a bad sign though I doubt Balsillie wanted to keep such a large stake in a company he no longer controlled the future of. Either way it seems like BlackBerry has separated themselves from Balsillie. via CNET

4 total comments on this postSubmit your comment!
  1. lol stock up 1.64%!

    Look the bottom line is that Jim and Mike created something special. Mike on the technology end, Jim on the business end. Their respective fates are well documented at this point, but, in the end it seemed, in my humble opinion, that more blame laid on the feet of Jim.

    Mike is just a brilliant tech geek. Jim was supposed to be the business guy.

    Internally it was always Jim that got the lion share of the blame.

  2. If he wasn’t asked to get rid of all the shares, then he’s an arse. He could have kept some because he believes in the company’s future.

  3. It’s back up…

  4. Yeah its kind of funny how it went up from the news :)

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