OSC called a "fundamental failure of governance", Balsillie was forced to resign as a director of RIM. In May 2010, almost immediately after the OSC sanctions expired, Balsillie was reappointed to the board, in spite of strong shareholder objections, and notwithstanding RIM's earlier public representations that the roles of Chairman and CEO were separated. BlackBerry lost its market dominance to Google's Android technology in 2010, when the operating system of the machine was a decade old and in need of an update. At the end of 2011, Balsillie held in the company 5.1% of the outstanding shares. This ranked him third. But that June, BlackBerry cut 2,000 employees, or 11% of its global workforce, and the joint CEOs reduced their pay to $1. The share value had tumbled from $137.41 in 2008 to $14.80 at the end of 2011. By then, the iPhone from Apple had launched and cornered the apps market, and some investors called for resignations from the executive suite. On January 22, 2012, Balsillie resigned his position, as did Co-CEO Mike Lazaridis, and was replaced by RIM Chief Operating Officer Thorsten Heins. On March 29, 2012, Research in Motion announced that Balsillie would be stepping down from the Board of Directors. He resigned from the Board due to strategic differences with RIM's new leader and CEO, Thorsten Heins, who abandoned the licensing strategy that Balsillie was pursuing. One publication blamed on "managerial gridlock" and deteriorating product quality BlackBerry's fall from grace in the years from 2010 to 2013 and beyond. The decline was steep for RIM. In the span of five years, the company had gone from Canada's most-valuable property, surpassing even the biggest bank, to a corporate basket case. Balsillie commercialised 44,000 patents during his career at RIM, and claims he is "the largest commercial IP protagonist in the history of [Canada]." Rejections by NHL owners' club Balsillie has been involved in three attempts to buy a National Hockey League franchise with the overt intention of moving it to Hamilton, Ontario. On October 5, 2006, Balsillie made a bid to purchase the Pittsburgh Penguins franchise for US$185 million from former player Mario Lemieux and his partners. On December 15, 2006, Balsillie withdrew his bid to buy the team after receiving notice from NHL commissioner Gary Bettman that the league would negotiate the arena deal on his behalf and the league also wanted the right to take