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Jim Balsillie  (Source: n4bb.com)
As of December 31, 2011, he had a 5 percent stake in the company at about 26.8 million shares

One of BlackBerry's (TSE:BB; TSE:RIM) former co-chief executive officers has sold his entire stake in the company.

BlackBerry's ex-CEO Jim Balsillie revealed in Thursday's regulatory filing that he had sold his entire stake in the company before the end of 2012. As of December 31, 2011, he had a 5 percent stake in the company at about 26.8 million shares.

BlackBerry, which recently changed its name from Research in Motion (RIM), released its BlackBerry 10 (BB10) software and devices late last month in hopes of digging itself out of the hole it's in.

Earlier this week, the company's new BB10 Creative Director Alicia Keys was caught using an iPhone to post on Twitter after vowing to only use BB10 devices.

Source: Reuters



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This article is over a month old, voting and posting comments is disabled

By Moishe on 2/15/2013 11:48:37 AM , Rating: 2
The implied message is that Blackberry is screwed and even ex-CEOs are bailing out.

Since we don't know what the circumstances of the sale of stock are... this is purely an Blackberry bash (in news form) intended to make Blackberry look bad and attract comments and traffic.

I don't care if Blackberry wins or not... but more information would be highly useful to the story. As usual, though, this is just a scan-and-fetch filler story.




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