RIM Nominates Private-Equity Investor to Board
Research In Motion Ltd. announced Thursday it is nominating Timothy Dattels, a San Francisco senior partner at private-equity firm TPG Capital and former partner at Goldman Sachs Group Inc. to its board, reported the Wall Street Journal Thursday.
This comes after the exiting co-CEOs of the BlackBerry-maker RIM were paid out a combined $12 million in payouts.
Jim Balsillie will be paid nearly $8 million in salary and other compensation after stepping down as leader in January and leaving the company two months later.
Mike Lazaridis, who remains a member of the board, will be paid about $4 million in salary and compensation under the condition that he will “continue to make himself reasonably available” to help the company in the future, reported the CBC.ca Thursday.