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RIM exec picks up hockey club

Chris Ziegler
October 11, 2006
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What's a surefire sign that your company has survived scandal, moving on to become one of the predominant players in wireless communications, enterprise messaging, and hot phones with trackballs? Your CEO buys a sports franchise, that's what. In what can only be described as a proudly Canadian thing to do, Waterloo, Ontario-based RIM CEO Jim Balsillie recently scooped up the NHL's Pittsburgh Penguins for a cool $175 million from previous owner Mario Lemieux and pals. Though Balsillie and the NHL sound committed to keeping the team in Pittsburgh, it seems fitting that Hamilton, Ontario -- not too far from RIM's Waterloo -- is in search of an NHL franchise itself. We'll try not to get too wrapped up in the conspiracy theories, though; Balsillie's folks back at the RIM camp make enough on-topic news without us branching into the wide world of sports.

[Thanks to everyone who sent this in]



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