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Tag Archives: Jim Balsillie

RIM’s Former Co-CEOs Jim Balsillie, Mike Lazaridis Received $12 Million And $3.96 Million

Research in Motion back in January appointed Thorsten Heins as company’s new President and Chief Executive Officer. Mike Lazaridis, former Co-Chair...

RIM’s Former co-CEO Sought Strategy Shift Before Resigning

The BlackBerry maker Research In Motion back in late March announced its fiscal fourth quarter results which was far grimmer as expected resulting in company’s co-CEO Jim Balsillie and other top executives leave the company. Reuters is reporting that Balsillie before leaving sought strategy shift for the company. Citing “two sources” familiar with the matter confirmed...

Jim Balsillie And Other ‘High Level People’ Leaves The RIM’s Board

RIM issued fiscal fourth-quarter results that once again were far grimmer than analysts had expected, as BlackBerry sales and shipments fell sharply amid intensifying competition, and writedowns tied to inventory and acquisitions left the company with a loss of $125 million (U.S.), its first quarterly loss since fiscal 2005. RIM also announced a number of executive changes,...

RIM Co-CEO Is Out, Thorsten Heins Is In As RIM’s New President and CEO

Research in Motion on Sunday announced that Thorsten Heins as company’s new President and Chief Executive Officer. Mike Lazaridis, former Co-Chair and Co-CEO, has become Vice Chair of RIM’s Board and Chair of the Board’s new Innovation Committee. The Globe has reported that the company finally buckled to a year of pressure to replace Jim Balsillie and Mike Lazaridis,...