http://bits.blogs.nytimes.com/2013/02/14/former-blackberry-c-e-o-sold-all-company-shares/?ref=business
Jim Balsillie, the former co-chief-executive officer of Blackberry, has been reported to have sold all of his shares of the company as of February 14. This is a bold move for Balsillie, considering the fact that Blackberry is set to release its new line of phones shortly and he will not benefit at all if they happen to do well. Blackberry has been criticized for not stepping up to the competition from other smart phones. Their new line of phones is not thought to increase the company's declining market share. Blackberry used to dominate the smartphone industry but I don't see the company lasting much longer, especially if former C.E.O.s are not even willing to own any shares in the company.
1 comment:
This a very damning point to the company that someone so important the running the company would decide that he should back out of a company right before a new line
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