Mike Lazaridis and Jim Balsillie , the conscientious objector - CEO bro team who oversaw the implosion of RIM and the complete decline into irrelevance of the BlackBerry , are n’t shed any tears in good order now . Why ? Despite career failure , they got aluxury parting package .
The Wall Street Journal reports the golden parachute studded with rubies was disclosed in RIM ’s latest filing with the SEC — and boy , it ’s somewhat disgusting . As the WSJ points out , RIM was worth a staggering 16 metre what it ’s worth today , five class ago . Who was in accusation during those five yr , when the company plugged its ears against the inexorable trend of the iPhone and churned out icky handsets ? Mike and Jim . So what are they getting for their eld of disservice ? Plenty of money that could ’ve been pass on hiring some talent to write the whole ship :
Balsillie was give a payout of $ 7.93 million for the current financial year , which include salary , bonus and a falling out software program value at about $ 4.8 million . Lazaridis received $ 3.96 million in salary and awards , as well as a 10 - class extension on wellness coverage for himself and his family , and a caller car and driver .
In other words , enough money to last them several lifespan over without ever having to work again , in exchange for having done terrible employment . And should they ever want to natter any of the employees laid off or surely waiting to be laid off in the near future , they can just take Mike ’s lasting private car service . The Canadian Dream . [ WSJ ]
BlackBerry
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