RIM Co-Founder Drops His Stock 114
drdread66 writes "Reuters reports today that Research In Motion co-founder Jim Balsillie dumped his entire stake in BlackBerry at the end of 2012. While it's common to see high-level executives sell some of their shares to gain some liquidity, it's unusual to see them exit their positions completely. This has to be seen as a massive vote of 'no confidence' from someone who was on the inside long enough to know what's going on in the company."
Re:That about sums it up.... (Score:5, Funny)
He's not breaking up with RIM. He just thought that he and RIM should take a break and maybe not move so fast, you know. He still loves RIM and all, he's just not *IN* love with RIM. And that other company is just a friend.
Re:Diversification. (Score:2, Funny)
Balsillie left the company in 2011. He has no up-to-date insider knowledge or connections with the current management team
Yes, because Lord knows that when a founder leaves a company they lose *all* contact with their former colleagues and employees, even those who are friends.
Yep, every time I left a job I lost all access to insider information from within the corporate walls. There's no way I heard about what was going on from my friends/erstwhile co-workers. I mean, the very notion is preposterous!
It's outright *absurd* for anyone to believe this cofounder / former CEO would know *anything* more than the general public hears from the official press releases!
Re:Maybe he just made a mistake (Score:4, Funny)
Using their new GUI of course.
Re:That about sums it up.... (Score:3, Funny)
If sure if someone sent all 3 of them a $25 gift card to Applebees they'd abdicate willingly.