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From childhood, Jim Balsillie combines his passions for business and sports. He quickly became an entrepreneur, selling greeting cards door to door at the age of seven years while delivering newspapers; teenager, he became manager of summer camp and students working as painters during the holidays. While pursuing these jobs despite his young age, he engaged actively in sports, as he would throughout his career, playing hockey and golf, participating in long distance triathlons. Jim Balsillie is experiencing a dazzling career. After his undergraduate studies in business, he joined as an accountant in the office of Clarkson Gordon (now Ernst & Young). In 1987, faithful to the vow made at an early age, he left his job in order to obtain an MBA at Harvard. Once completed her master's degree, he became senior vice president and chief financial officer of Sutherland-Schultz, a small business specializing in technology based in Kitchener. In 1992, J. Balsillie is co-CEO with Lazaridis, Research In Motion (RIM) in Waterloo, the wireless technology company that has revolutionized the communications industry by launching the BlackBerry. The business acumen of Jim Balsillie is the perfect complement to the technical expertise of Lazaridis. His drive and business acumen played a key role in the growth of small business of ten employees what RIM from 1992 to late 2007, reaches an international scope and will be worth over 68 billion dollars. On March 5, 2007, Jim Balsillie stepped down as chairman of RIM, but remains co-CEO and CFO when the company announces the separation of the positions of chairman and CEO after a restatement of earnings of 250 million related to errors in the way of granting the options contracts. In 2006, Jim Balsillie made headlines not for its excellence in business, but his passion for hockey. Indeed, he made an offer to purchase the Pittsburgh Penguins and withdraws when the NHL informed the league that will restrict his powers on the team. In 2007, Balsillie made headlines again when the sport tries to buy the Nashville Predators. NHL breaks off negotiations when Balsillie request permission to move the team. The success of RIM allow Balsillie and his wife, Heidi, to make valuable contributions to the community and country. In 2002, their foundation established the Centre for International Governance Innovation. This institute nonpolitical and nonprofit research in international business is located in the former Seagram Museum in Waterloo. Patrons of the Grand River Regional Hospital, the gift of Balsillie has helped create a clinic for people with cancer. They also support the RIM Park in Waterloo, the Balsillie Collection of Roy Studio Images, Peterborough, and the Waterloo Regional Children's Museum. Balsillie is also a founder and donor of the Perimeter Institute for Theoretical Physics. Heidi Balsillie is on the Board of Directors of the Child Witness Centre in Waterloo. The commitment of Jim Balsillie to the community and business leadership are recognized by all. In 1998, he received the Canada Awards for Excellence in the field of business, and honorary doctorates in law from the University Wilfrid Laurier in 2003 and from Dalhousie University in 2006. In 2003 he was elected Fellow of the Institute of Chartered Accountants of Ontario, the highest title conferred by the Institute. ---- James Balsillie and Mike Lazaridis [RIM] The Canadian duo who popularized the smartphone In 1997, the first model of two Canadians, dubbed the BlackBerry, is developed. It incorporates a pager. Companies crack, to stay connected 24 hours 24 with their frames. In 2002 following the first BlackBerry sending and receiving emails. RIM sees its monopoly challenged today by the iPhone. But according to Forbes, his share of the mobile market will grow from 3 to 8% between 2009 and 2011. -----> It's created for Heidi Balsillie James Balsillie, co-CEO of Research In Motion, is a big hockey fan and he stopped playing with employees after he noticed they do not hit as hard as others. "Who likes this?" asks Balsillie, 47, who heads the manufacturer of the BlackBerry 1992. "The guys I play with are brutal," he says. So, Steve Jobs, Apple's CEO, has dealt a blow to Research In Motion earlier this month by launching the new iPhone. Apple sold 1 million iPhone 3G in the first three days the device was placed on the market, from 11 July. These sales deprive Research In Motion's BlackBerry for potential customers and have contributed to the fall of 31% of the share of Research In Motion since its record high of U.S. $ 148.13 reached last June. But Mr. Balsillie contends that his strategy will not be influenced. Is that Research In Motion plans to increase spending on advertising, hiring more engineers and accelerate the launch of new products, starting with the BlackBerry Gold, available in a few months. Balsillie says companies will continue to focus on the BlackBerry because its email service is more reliable because its keyboard is better for corporate users. "We know where we go," says Balsillie during a one-hour interview at company headquarters in Waterloo, Ontario. "We enjoy all the growth that we can manage," he adds. Action Research In Motion will climb to over U.S. $ 170 within a year, according to the average estimate of 20 analysts, compared to U.S. $ 101.86 trough reached last week. The title was sentenced after a profit had been forecast below analysts' estimates because of additional expenditure to tackle the iPhone 3G from Apple, which runs on faster wireless networks than most BlackBerrys. The decline wiped out as about 26.1 billion U.S. in market capitalization. Yesterday, the action of Research In Motion jumped $ 1.49 U.S., or 1.3%, to $ 115.26 U.S., the New York Stock Exchange. "My enthusiasm for this title has not diminished," joked Tony Carbone, an analyst at RCM Capital Management in San Francisco, which manages assets of 125 milliardsUS, including shares of Research In Motion. Over two-thirds of analysts recommend buying the stock of Research In Motion, according to data compiled by Bloomberg. -> Site for Heidi Balsillie |
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