BlackBerry’s Former Co-CEO Jim Balsillie Sells Stake
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Jim Balsillie, Research In Motion Ltd.’s co-chief executive officer until January of 2012, cut his last formal ties to a company he helped build for two decades when he reported yesterday that he no longer holds a stake.
Balsillie disclosed owning zero shares in RIM as of Dec. 31 in a U.S. regulatory filing, down from 5.1 percent a year ago. Investors who hold a stake in a company of less than 5 percent aren’t required to report when they buy or sell the shares, according to Securities & Exchange Commission rules.