A $12 million payout for two terrible RIM jobs

John Paczkowski, for AllThingsD:

According to RIM’s latest 6-K filing with the U.S. Securities and Exchange Commission, Balsillie was given a payout of $7.93 million for the current fiscal year, which includes salary, bonus and a severance package valued at about $4.8 million. Lazaridis received $3.96 million in salary and awards, as well as a 10-year extension on health coverage for himself and his family, and a company car and driver.

The impressive part of all of this is that, given control of a major technology company, I don’t think I could find a better way to run it into the ground than these two did.

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