Categories: Tech & Society

Ex-BlackBerry co-CEO Jim Balsillie Dumps Entire Stake

According to a regulatory filing, Jim Balsillie, the former co-CEO of BlackBerry, has sold off his entire stake in the company.

A year ago, Balsillie was one of the largest individual shareholders in BlackBerry (formerly known as Research In Motion) with 26.8 million shares in the company. But in a document filed today, BlackBerry disclosed that Balsillie no longer holds any shares in the company.

Balsillie and fellow former co-CEO Mike Lazaridis stepped down last March amid shareholder criticism over the way the company was being run and a stunning drop in its share price. Current CEO Thorsten Heins stepped in to replace them, and has helped usher in the new BlackBerry 10operating system and a rebound in the share price.

Lazaridis, who still serves as vice chairman of BlackBerry, owns 29.9 million shares in the company.

Team TechPanda

Recent Posts

Quantum leap or quantum sleep? Why the future of superfast computing is still loading…

Is quantum computing truly just five years away from real-world applications or will we be…

4 days ago

How India’s own cloud can empower MSMEs, EdTech & Health Tech with safer data ecosystems

How India’s own cloud can empower MSMEs, EdTech & Health Tech with safer data ecosystems…

5 days ago

New tech on the block: Blockchain, cybersecurity, ecommerce, cryptocurrency, data management, no code, cloud & workplace tools

The Tech Panda takes a look at recent tech launches. Blockchain: A platform is designed…

6 days ago

Your AI is now mine: A subtle but alarming new contest between cyber attackers & defenders

AI might be assisting today’s cyber defenders to accelerate and improve threat detection, but the…

6 days ago

The AI-driven CFO: How Artificial Intelligence is redefining financial leadership in the tech era

The Chief Financial Officer (CFO) is no longer the only one responsible for budgets and…

1 week ago

From Roblox to Python: How game development educates kids on AI principles

AI is no longer in the distant future, discussed only in university classrooms or interactive…

2 weeks ago