February 14, 2013 10:20 am
In a filing with the SEC released today, former RIM co-CEO Jim Balsillie has revealed he no longer owns any shares of a company he helped found.
As of December 31st, 2012, Balsillie had zero shares in RIM; he owned 26.8 million on December 31st, 2011. But after being outed as CEO alongside longtime partner Mike Lazaridis, Balsillie recused himself from any responsibility in the company’s future. He maintained a position on RIM’s board of directors for some time and independently stepped down in March of last year; Lazaridis is still vice-chair of the board, and was present at the BlackBerry 10 launch. Balsillie, on the other hands, was nowhere to be found.
Balsillie now has no formal connection to the company he helped, at its height, find so much success and, during its darkest days, was accused of ruining.