• RIM’s Co-CEO’s Step Down

    Posted by Mike Yawney on January 23rd, 2012 View Comments

    Longtime Co-CEO’s of Research in Motion Jim Balsillie and Mike Lazaridis say it’s time to pass the baton, ushering a new face into the spotlight. Thorsten Heins, the company’s COO, has officially taken the reigns of the struggling company.

    The change in leadership is effective immediately.

    Thorsten told investors his first priority is to assign a new head to the company’s marketing unit, but he maintains drastic change isn’t needed for the company to revive itself.

    RIM lost millions of dollars in revenue this past year due to the lack-lustre sales of the BlackBerry PlayBook.

    Shares were trading down five per cent this morning on word of the change.

    No drastic changes needed? What do you think? Too little too late?

    photo courtesy reuters




    • Maxmz02

      Don’t blame CEO, they want RIM win.
      RIM has strange culture and self distruct political environment.
      In RIM if a new hired person figure out major problem and introduce efficient approach, both manager and his buddy group member will proof their wrong approach works. just like someone point out driving a car is right way, pushing a car is wrong way, then both manager and his buddy group member will hate you, and proof that 3 person can also move the car by pushing it. cheating email will be sent to some vice president, saying like: see, the car moving, pushing a car is a natural part of the process, in order to deny new hired contribution of introducing skill of drive a car, they have to deny merit of driving a car.
      It is very strange company culture and strange company political environment, it promote stealing and cheating skill. RIM’s management may be a typical instance in MBA course.
      This culture deny or steal hardworking team members’ contribution/innovation, generate strange political environment, destroy RIM.
      So don’t blame CEO, some of their VPs and VPs’ expert generate terrible culture and self destruct political environment.

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