Money and manpower
Among the many crucial moments in the history of Research In Motion was the arrival of Jim Balsillie in 1992. At the time, when he was hired by Mike Lazaridis, there were only fourteen employees. As RIM’s new vice-president of finance and business development, Balsillie invested $125,000 for a one-third interest in the business. “The arrival of Jim Balsillie was a turning point for the company in several respects,” said Dale Brubacher-Cressman, employee number five at RIM. “There was only so much Mike could do. He recognized the need to get business support into the company to get the company to...
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