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Former BlackBerry CEO Balsillie Sold Off All His Stock

By - Source: CNet | B 11 comments

The last few years have been tough on BlackBerry (formerly known as RIM/Research In Motion). In the last 12 months, the company has appointed a new CEO and is hoping that the launch of BlackBerry 10 will be enough to turn things around. However, it seems former CEO Jim Balsillie isn't sticking around to see if BB10 puts his old company back on the road to success.

CNet News cites a regulatory filing in reporting that Balsillie has sold off all of his BlackBerry shares. Apparently, Balsillie was one of the largest individual shareholders last year with 26.8 million shares. It's not clear when Balsillie dropped his shares, but a filing made public today shows he no longer holds any BlackBerry stock at all. The document reports that Balsillie has zero shares as of December 31, 2012.

Current CEO Thorsten Heins was named President and CEO of RIM in January of last year. At the end of January he took the stage in New York to launch BlackBerry 10. The first BB10 handset on the market is the Z10, which will be followed by the Q10 later this year.

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Top Comments
  • 12 Hide
    Vorador2 , February 15, 2013 7:10 PM
    Shows the level of trust he has on the success of BB10.
  • 11 Hide
    freggo , February 15, 2013 7:51 PM
    Rats...sinking ship... sounds familiar ? :-)
Other Comments
  • 12 Hide
    Vorador2 , February 15, 2013 7:10 PM
    Shows the level of trust he has on the success of BB10.
  • Display all 11 comments.
  • 5 Hide
    Anonymous , February 15, 2013 7:43 PM
    Call him Bailsillie :p 

    I'll shut up now.
  • 11 Hide
    freggo , February 15, 2013 7:51 PM
    Rats...sinking ship... sounds familiar ? :-)
  • 5 Hide
    hero1 , February 15, 2013 8:01 PM
    Always sucks to see founders go but I guess he has no support so might as well pack it up and go.
  • 3 Hide
    Arls , February 15, 2013 8:13 PM
    Wouldn't give him an NHL franchise, would let him run the company...tough life for billionaire's these days.
  • 0 Hide
    fonzy , February 15, 2013 10:24 PM
    That's what happens when you mess with the wrong people, the powers that be will destroy you!
  • 1 Hide
    vaughn2k , February 15, 2013 10:31 PM
    brickmanCall him Bailsillie I'll shut up now.


    Or "BailSilly"
  • 0 Hide
    amoralman , February 15, 2013 11:32 PM
    If I got kicked out of the company I founded, I would hit them where it hurts. Sweet, sweet revenge.
  • 0 Hide
    SneakySnake , February 16, 2013 6:43 AM
    CaedenVTrue, this is a tech site... surely someone here knows how to break these people's internet access?


    It's just bots that post all that stuff.
  • 1 Hide
    cookoy , February 16, 2013 11:00 AM
    Sure glad the taken guy is part of this forum. Now go look for the silly bailer.
  • 1 Hide
    SuckRaven , February 16, 2013 12:39 PM
    He went balls silly and jumped ship. LOL
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