Saturday, 16 February 2013

Ex-CEO of BlackBerry Sell Entire Shares

Former CEO of BlackBerry, Jim Balsillie, sold all his owned shares in the company in accordance with prevailing regulations. Following this announcement, the BlackBerry's share price tumbled on Thursday (02/14/2013).

In 2012, Balsillie was one of the largest individual shareholder in the BlackBerry, when the company was still called Research In Motion (RIM), with 26.8 million shares or equivalent to 5 percent of the shares.

But now, Balsillie did not own shares in the BlackBerry. He sold all of the shares at the end of 2012. In fact, the Canadian company has just released the BlackBerry mobile operating systems 10th.

BlackBerry's share price fell 3.4 percent to 13.52 U.S. dollars per share at the close of trading on the Nasdaq, the United States, yesterday. While on the Toronto Stock Exchange, Canada, BlackBerry shares fell 3.5 percent to 13.51 Canadian dollars per share.

Duet Balsillie and Mike Lazaridis as chief executive and chairman, is under pressure from investors since the end of 2011 because they are no longer competent to make significant changes in the corporate. Both heartened resign.

Lazaridis who incidentally was the founder of the BlackBerry, currently has 29.9 million shares of the company.

Starting January 22, 2012, the position of CEO of RIM fell to a German national named Thorsten Heins, previously served as Chief Operating Officer (COO) in the BlackBerry.