Items tagged with Balsillie

We've always heard that you can't take it to your grave, but one has to wonder why the former co-CEO of Research In Motion chose now to dump every last bit of remaining RIM stock. Jim Balsillie has liquidated his shares in RIM, leaving him zero shares, zero power to vote, and zero percent of class. He sold everything. A year ago, he still help 5.1% of the whole company, and now, he's powerless over it. In December of 2011, Balsillie had 26,840,490 shares of RIM stock. Even with RIM's amazingly low stock price of around $11, he's still coming out with nearly $300 million. But the timing here makes... Read more...