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

How AI is Changing Business: Hybrid AI is Coming

Lenovo and NVIDIA are pushing AI into its next phase, scaling real-time, production-ready systems that…

23 hours ago

AI & the workplace: AI is changing the way we feel about our jobs

AI is changing how work gets done. It’s also changing how people feel about their…

24 hours ago

Funding alert: Tech startups that raked in moolah this month

The Tech Panda takes a look at recent funding events in the tech ecosystem, seeking…

1 day ago

Kryterion and Automattic are changing what it means to be a professional WordPress developer

A question that has quietly frustrated WordPress developers and the businesses that hire them for…

2 days ago

Skilling & Upskilling the Workforce: EntertainmentTech, Fintech, Software Engineering, Sustainability & CSR

The Tech Panda takes a look at the efforts at skilling, upskilling, and reskilling in…

2 days ago

Cybersecurity in the Age of AI: Why India Must Build Talent, Not Just Tools

India’s digital transformation is accelerating at an unprecedented pace. From digital payments and e-governance platforms…

2 days ago