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Improper option practices
- In February 2009, as part of the penalties and sanctions approved by the Ontario Securities Commission (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.
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Feb 21, 2012 · By the time Balsillie came onboard, RIM was fully dedicated to wireless. It pushed forward with the two-way pager design even as Lazaridis had moved past it, to envisioning a wireless PDA.
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The true story reveals that the company that made the BlackBerry smartphone, Research in Motion (RIM), was founded by childhood friends Mike Lazaridis and Doug Fregin in 1984. They were both engineering students at the time, Mike at the University of Waterloo and Doug at the University of Windsor. One of RIM's early devices was a bulky digital adve...
No. As elaborated on in the next question, a BlackBerryfact-check reveals that Matt Johnson's character in the movie bears no resemblance to the real Doug Fregin, who never wore tank tops and headbands to the office.
No. Director and co-star Matt Johnson, who portrays Doug Fregin in the film, said that he is a "true cipher," pointing out that Fregin has never sat down for a recorded interview. Instead of drawing from what little he knew about the real Fregin, Johnson instead portrayed Fregin as a "kind of mascot figure who is tying the culture of the office tog...
In researching the BlackBerrytrue story, we learned that this is an entirely fictional moment that was inserted in the film to separate the geeks from their potential new partner, who is depicted as an outsider in their world. Former RIM employee Matthias Wandel shook his head at the film's assertion that Jim Balsillie never saw Star Wars. "Jim not...
No. The real Jim Balsillie has seen the movie twice and said that Glenn Howerton's character is almost unrecognizable to him. In the movie, Balsillie is depicted as a foul-mouthed tyrant who throws temper tantrums and, at the same time, steers the company down the road to success, plowing through anything that gets in his way. "I'm aggressive. I'm ...
"He doesn't really look like that," says former employee Matthias Wandel of Jay Baruchel's character. "He was much more roundish. He's of Greek origin, not at all like this guy." -Matthias Random Stuff
For six years, Research in Motion (RIM) had sold two-way pagers. In exploring the BlackBerry true story, we discovered that the first RIM device to carry the name BlackBerry was the BlackBerry 850, released in 1999 as a two-way pager and email device. PC Magazineargues that the first true BlackBerry was the BlackBerry 957 (and its brother the 950),...
Yes. BlackBerry extrapolates its story from the 2015 book Losing the Signal: The Untold Story Behind the Extraordinary Rise and Spectacular Fall of BlackBerry by Jacquie McNish and Sean Silcoff. Unlike similar movies from 2023 that have told the origin stories of pivotal innovations, including Tetris and Air, BlackBerry doesn't end with its namesak...
Yes. In researching the question, "Is BlackBerry accurate?" it's true that people became obsessed with clicking away with their thumbs on the phone's tactile keyboard (even if it was too small for your fingers). It became so addictive that, for a period of time, it was nicknamed the "CrackBerry." BlackBerry controlled nearly half of the US cell pho...
Yes. My own experience with a BlackBerry is probably similar to the experience many people had when comparing the BlackBerry to the iPhone. Back in 2008, I was looking for a smartphone to replace the traditional cell phone I had through Verizon. I was aware of the BlackBerry and knew that it had been wildly popular. I figured since I could use it t...
On March 5, 2007, Balsillie resigned his role as chairman of RIM as the firm reported over US$250 million (equivalent to $354 million in 2023) in past stock option accounting errors after an extensive review.
Sep 28, 2012 · Just a few months after Balsillie abdicated the chairman's seat in 2007, RIM found itself facing a new competitor in the smartphone space with a strangely buttonless screen:...
Jan 23, 2012 · One of the reasons why RIM was able to succeed and the others were unable to thrive is that Lazaridis and Balsillie were able to see the huge value corporations as well as government agencies...
May 9, 2023 · As a result, Balsillie resigned his role as chairman of RIM in 2007, though he remained co-CEO. The company leaders paid $1.4 million in fines in 2009 as part of a settlement with regulators.
May 26, 2015 · Balsillie cued them along and pressed RIM handset boss (and future CEO) Thorsten Heins to respond. For the most part, Heins sat silently, getting redder, according to observers.
