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RIM’s co-CEOs combined shareholdings shoots up to $10 billion-plus
TT Bureau |  |  14 Jun 2008

The intensified surge in the shares of Research in Motion (RIM), the maker of BlackBerry resulted in in the company’s Co-CEOs, Mike Lazaridis and Jim Balsillie wealthier as the combined wealth of both is well estimated over $10 billion mark beating the previous year stockholdings of $3.4 billion, as revealed by the management ‘proxy’ circular.

 

Both the executives’ salary has increased from $549,250 last year to $1.12 million with a hike of $0.6 million in bonuses.

 

The zoom in the company’s share from $56 last year to $141 has placed Lazaridis’ current shareholdings at $5.2 billion and Balsillie’s at $4.83 billion. Further Lazaridis and Balsillie possess some “exercisable and unexercisable” share options worth nearly $192 million and $215 million-plus respectively, said reports.

    
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14 Jun 2008(IST)