RIM Bosses Lose Billionaire Status

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JIM BALSILLIE
Mike Lazaridis and Jim Balsillie collectively own more than 10% of the company | AP File

Shareholders of Research In Motion Ltd. have taken a beating over the past few months, though none worse than the BlackBerry maker's two chief executives, who also happen to be the company's largest individual shareholders. RIM co-chief executives Mike Lazaridis and Jim Balsillie collectively own more than 10% of the Waterloo, Ont.-based BlackBerry maker. Together, their combined stake is still valued at well over US$1-billion, even after RIM shares fell more than 25% following another disappointing quarterly earnings release from the company.

Read the whole story at Financial Post

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RIM chiefs no longer billionaires thanks to plummeting RIM stock

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