Former co-CEO of Research in Motion, Jim Balsillie, has apparently dumped all of his shares in BlackBerry. That means he will have nothing to gain if BlackBerry 10 revives the company's fortunes. According to The New York Times, regulatory filings show that Mr. Balsillie previously owned 33% of the company before it went public, and held 5.1% sometime later. Regulatory findings show that at the end of December Mr. Balsillie held no shares in the company he once ran.
Mr. Balsillie and Mike Lazaridis, co-CEOs, stepped down in January 2012 after the long decline for BlackBerry was well underway. Mr. Lazaridis has remained on the BlackBerry board but Mr. Balsillie resigned as a director in March.
Mr. Balsillie was not reached for comment, and BlackBerry has said they do not comment on such matters. Is it sour grapes? Internal fighting? Nobody knows.
Mr. Balsillie and Mike Lazaridis, co-CEOs, stepped down in January 2012 after the long decline for BlackBerry was well underway. Mr. Lazaridis has remained on the BlackBerry board but Mr. Balsillie resigned as a director in March.
Mr. Balsillie was not reached for comment, and BlackBerry has said they do not comment on such matters. Is it sour grapes? Internal fighting? Nobody knows.