328:. Two months later, on March 29, 2012, RIM announced that Balsillie would be stepping down from the board of directors. He resigned from the Board due to strategic differences with Heins, who abandoned the licensing strategy that Balsillie was pursuing. One publication blamed "managerial gridlock" and deteriorating product quality for BlackBerry's fall from grace in the years from 2010 to 2013 and beyond. The decline was steep for RIM: in the span of five years, the company had gone from Canada's most valuable property, surpassing even the biggest bank, to a tenth of its former value.
606:. Balsillie himself states Howerton's portrayal and the film's portrayal of the culture at RIM are inaccurate. Balsillie was portrayed as arrogant, manipulative, and aggressive in the film. He has said the consensus on his characterisation is that it was "5% accurate, and 95% made-up", but also said that he could take being teased, having lived 60 years with his last name containing the word "silly". Balsillie helped promote the film by doing television interviews and attending premieres. He praised Howerton's performance as "brilliant".
441:
to purchase the
Coyotes from the bankruptcy trustee. Judge Baum's ruling stated that he did not have the power to force the team to move and that Balsillie's June 29 deadline did not give the court enough time to resolve all the issues in the case. On September 30, 2009, Balsillie's bid was again rejected by Judge Baum, who also rejected the NHL's bid. Balsillie's bid was rejected "with prejudice," preventing him from making another bid for the Coyotes. Balsillie did not appeal the ruling.
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290:(OSC) in settling the improper option practices, which the OSC called a "fundamental failure of governance", Balsillie was forced to resign as a director of RIM. In May 2010, almost immediately after the OSC sanctions expired, Balsillie was reappointed to the board, in spite of strong shareholder objections, and notwithstanding RIM's earlier public representations that the roles of chairman and CEO were separated.
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million in 2023) to allow the
Coyotes to operate in advance of a restructuring or a sale. A few hours later, the NHL, citing a proxy agreement signed by Moyes, removed him from all decision-making regarding the future of the Coyotes. On June 15, 2009, Judge Redfield T. Baum rejected Balsillie's bid
312:
At the end of 2011, Balsillie was the third largest shareholder of the company, holding 5.1% of the outstanding shares. But that June, BlackBerry cut 2,000 employees, or 11% of its global workforce, and the joint CEOs reduced their pay to $ 1. The share value had tumbled from $ 137.41 in 2008 to $
275:
million in 2023) in past stock option accounting errors after an extensive review. He retained his roles as co-chief executive and director. On May 17, 2007, RIM announced that "Consistent with current best practices in corporate governance, the roles of
Chairman and CEO have been separated."
558:
for proposing the
Digital Charter Implementation Act 2022 (Bill C-27), writing that it "normalizes and expands surveillance and treats privacy as an obstacle to corporate profits, not as a fundamental human right or even a right to effective consumer protection."
257:
industry. He was "feared and respected" by senior managers within his hierarchy. The twin-CEO structure of
Lazaridis and Balsillie eventually became cumbersome and inhibited their competition with the Apple iPhone and Google's Android devices.
392:
reported that
Leipold had decided not to sign a binding agreement with Balsillie. Though Balsillie offered lip service that he would keep the team in Nashville, he reactivated a deal to become the primary tenant of
850:"Settlement Hearing in the Matter of Research in Motion Limited, James Balsillie, Mike Lazaridis, Dennis Kavelman, Angelo Loberto, Kendall Cork, Douglas Wright, James Estill and Douglas Fregin"
250:, with as many as 28,000 employees. Both men prospered from the partnership: Lazaridis looked after the technological side and Balsillie looked after the sales, business and accounting side.
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When asked about potential political aspirations, Balsillie stated that "I’d be the worst politician in the world—if I don’t like people, I can’t hide it". He maintains that all three major
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Balsillie has contributed resources and time to organizations such as
Waterloo Children's Museum, Grand River Hospital, the Canadian Olympic Foundation and others.
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510:(CIC) through a partnership with the Canadian Institute of International Affairs (CIAA) and CIGI. He is also the founder of the Council of Canadian Innovators.
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Balsillie commercialised 44,000 patents during his career at RIM, and claims he is "the largest commercial IP protagonist in the history of ."
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On
January 22, 2012, Balsillie and co-CEO Mike Lazaridis resigned from their positions and were replaced by RIM Chief Operating Officer
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After graduating from
Harvard Business School, Balsillie was an executive vice-president and chief financial officer of technology for
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that the league would negotiate the arena deal on his behalf and the league also wanted the right to take over the team if necessary.
142:
Since leaving
Blackberry in 2012, Balsillie has taken up a number of roles in Canadian business and society. He is the founder of the
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1113:"Privacy is central to human well-being, democracy, and a vibrant economy. So why won't the Trudeau government take it seriously?"
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in Hamilton and was already selling season tickets in the city, which influenced the decision to deny Balsillie the Predators.
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million in 2023) collaboration between the school and CIGI, split into two equal donations by each of the CIGI and the
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424:, the offer to purchase was described as conditional on relocation to Southern Ontario. At the request of then-owner,
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Many people considered that Balsillie infused RIM with "institutional arrogance" as he remade the landscape of the
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373:. On December 15, 2006, Balsillie withdrew his bid to buy the team after receiving a notice from NHL commissioner
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It was rumoured that Balsillie made an unnamed bid to purchase the Buffalo Sabres during their sale in 2011 to
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Jim Balsillie married his wife in 1989 in Hamilton, Ontario. They had two children before separating in 2011.
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246:. The company had fewer than ten employees and would eventually become the "international powerhouse" called
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Balsillie is a philanthropist who supports numerous local and national initiatives. In 2007, he donated
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In June 2007, Apple brought its first touchscreen smartphone to the market. BlackBerry would not have a
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113:(born February 3, 1961) is a Canadian businessman and philanthropist. He was the former chair and co-
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On May 23, 2007, it was announced that Balsillie had reached a tentative agreement to buy the
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On March 5, 2007, Balsillie resigned his role as chairman of RIM as the firm reported over
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657:"Blackberry/RIM's revenue from fiscal year 2004 to 2023 (in million U.S. dollars)"
1094:"Organization Profile - Canada Foundation for Sustainable Development Technology"
746:"Are You Afraid of Google? BlackBerry Cofounder Jim Balsillie Says You Should Be"
690:"Both BlackBerry Founders Are Gone Now. Could Either Become A Billionaire Again?"
227:
In 1992, after initially making overtures to buy the company, Balsillie invested
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market, and some investors called for resignations from the executive suite.
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1042:"York University rejects RIM co-founder Jim Balsillie's $ 60-million deal"
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In February 2009, as part of the penalties and sanctions approved by the
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448:. It was also rumoured that Balsillie was interested in purchasing the
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smartphone until after Balsillie's departure from the executive suite.
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think tank, and serves as chair of the Canadian Council of Innovators.
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1068:"CIGI remains committed to program of research into international law"
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874:"The inside story of how the wheels came off at Research in Motion"
452:
prior to their 2011 purchase, relocation, and rebranding as the
339:
Balsillie has been involved in at least three attempts to buy a
1304:
1185:"What the real Jim Balsillie thinks about the Blackberry movie"
195:
187:
101:
1139:"Philanthropist Heidi Balsillie's heart never left Hamilton"
876:. St. Joseph Communication. Canadian Business. May 29, 2015.
836:"RIM's rise and fall: A short history of Research In Motion"
347:. On October 5, 2006, Balsillie made a bid to purchase the
1164:
Government of Canada, National Defence (April 19, 2013).
1096:. Government of Canada. November 30, 2017. Archived from
148:
Centre for International Governance and Innovation (CIGI)
987:"The NHL vs. Jim Balsillie: The Battle for the Coyotes"
915:"RIMM Results Not So Hot; Balsillie Resigns From Board"
961:"Balsillie's bid to buy the Predators nixed: report"
532:
to establish a school of international relations at
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On May 5, 2009, Balsillie made an offer of US$ 212.5
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343:franchise with the overt intention of moving it to
162:to Raymond Balsillie, an electronics technician at
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1009:"Timeline: Jim Balsillie's bid to buy the Coyotes"
536:and fund 10 research chairs in international law.
520:faculty council rejected Balsillie's proposed $ 60
813:"Deficient Governance Model @ Research In Motion"
1074:. Centre for International Governance Innovation
838:. Canadian Press. Global News. January 28, 2013.
1024:"First Blackberry, Now Seeking Taste of N.H.L."
980:
978:
589:have made unsuccessful efforts to recruit him.
1166:"Royal Canadian Navy - Honorary Navy Captains"
492:Centre for International Governance Innovation
460:, but neither of these rumours was confirmed.
1316:
8:
166:, and Laurel Balsillie. The family moved to
777:"In motion: Jim Balsillie's life after RIM"
182:in 1984, where he was also a member of the
170:when Jim was five years old. He received a
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550:In October 2022, he published an op-ed in
502:million in 2023) initiative to create the
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20:
1764:Canadian expatriates in the United States
629:. Waterloo Public Library. Archived from
545:Sustainable Development Technology Canada
504:Balsillie School of International Affairs
317:from Apple had launched and cornered the
309:, had not been updated since March 2002.
144:Balsillie School of International Affairs
740:
738:
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655:Borgeaud, Alexandra (January 30, 2024).
293:BlackBerry lost its market dominance to
242:(RIM) and joined as co-CEO with founder
1257:from the original on December 21, 2021.
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313:14.80 at the end of 2011. By then, the
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1714:21st-century Canadian philanthropists
1709:Businesspeople from Waterloo, Ontario
1253:. Cambridge House International Inc.
934:"Multiple Missteps Led to RIM's Fall"
913:Russolillo, Steven (March 29, 2012).
669:from the original on January 23, 2024
600:portrayed Balsillie in the 2023 film
458:True North Sports & Entertainment
7:
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830:
828:
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1769:Institute for New Economic Thinking
1111:Balsillie, Jim (October 22, 2022).
888:"RIM shares fall after CEO shakeup"
146:at the University of Waterloo, the
117:of the Canadian technology company
1638:BlackBerry Enterprise Server (BES)
1249:Jim Balsillie (February 1, 2019).
158:Jim Balsillie was born in 1961 in
139:billion in 2023) in annual sales.
14:
1729:People from Huron County, Ontario
1040:Hopper, Tristin (April 3, 2012).
795:"RIM co-CEO drops chairman title"
408:million in 2023) to purchase the
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985:Small, Hentley (June 16, 2009).
543:appointed Balsillie as Chair of
412:following the team's filing for
1739:Trinity College (Canada) alumni
1734:Directors of BlackBerry Limited
1251:"Canada's Innovation Challenge"
1066:Kelly, Declan (April 2, 2012).
932:Connors, Will (June 28, 2012).
714:Lornic, John (April 23, 2019).
125:), which at its 2011 peak made
1719:Harvard Business School alumni
508:Canadian International Council
506:(BSIA). Balsillie created the
430:debtor-in-possession financing
1:
1137:Wells, Jon (April 15, 2016).
857:Ontario Securities Commission
464:Philanthropic work and awards
365:million in 2023) from owners
301:technology in 2010, when the
288:Ontario Securities Commission
135:billion (equivalent to $ 26.6
1744:University of Toronto alumni
1170:www.navy-marine.forces.gc.ca
1022:Austen, Ian (May 10, 2009).
498:million (equivalent to $ 141
404:million (equivalent to $ 280
361:million (equivalent to $ 269
271:million (equivalent to $ 354
963:. CBC Sports. June 28, 2007
587:political parties in Canada
524:million (equivalent to $ 77
478:million (equivalent to $ 70
436:million (equivalent to $ 23
428:, Balsillie agreed to post
1785:
1623:BlackBerry Messenger (BBM)
488:Wilfrid Laurier University
420:. In a press release from
200:Wilfrid Laurier University
194:in 1989. He also earned a
98:Wilfrid Laurier University
1759:Canadian chief executives
1651:
1351:(CEO and Executive Chair)
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1275:
1269:
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1243:The Canadian Encyclopedia
1011:. CBC. September 9, 2009.
494:(CIGI) as part of a $ 100
335:Failed NHL ownership bids
186:fraternity. He earned an
30:
482:million in 2023) to the
154:Early life and education
111:James Laurence Balsillie
80:Trinity College, Toronto
47:James Laurence Balsillie
939:The Wall Street Journal
919:The Wall Street Journal
518:Osgoode Hall Law School
234:(equivalent to roughly
192:Harvard Business School
115:chief executive officer
1230:Quotations related to
1143:The Hamilton Spectator
781:The Globe and Mail Inc
484:University of Waterloo
341:National Hockey League
1749:Canadian billionaires
1663:Telephones portal
1504:Classic BlackBerry OS
530:Government of Ontario
180:University of Toronto
1754:Canadian accountants
1486:BlackBerry Tablet OS
1272:Company Founded 1984
1222:at Wikimedia Commons
1100:on January 10, 2018.
819:. February 15, 2012.
817:GovernanceCanada.com
783:. February 14, 2013.
388:. On June 28, 2007,
238:238,000 in 2024) in
172:Bachelor of Commerce
16:Canadian businessman
1265:Business positions
1145:. Hamilton, Ontario
580:Royal Canadian Navy
382:Nashville Predators
349:Pittsburgh Penguins
1332:BlackBerry Limited
1278:Research in Motion
1117:The Globe and Mail
1027:The New York Times
894:. January 23, 2012
593:In popular culture
556:Trudeau government
552:The Globe and Mail
539:In June 2013, the
248:BlackBerry Limited
240:Research In Motion
223:Research In Motion
217:Cambridge, Ontario
119:Research In Motion
89:Harvard University
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1290:Succeeded by
1218:Media related to
1183:CBC News Canada.
989:. Bleacher Report
754:. April 10, 2019.
570:He serves as the
541:Harper government
450:Atlanta Thrashers
345:Hamilton, Ontario
160:Seaforth, Ontario
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37:Balsillie in 2008
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801:. March 5, 2007.
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859:. May 21, 2009.
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244:Mike Lazaridis
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414:bankruptcy
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490:and the
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