RIM Co-CEO’s step down in corporate reshuffle

Very rarely do you come across a company with not one, but two CEO’s. Research in Motion, the makers of the BlackBerry is one such company. In a turbulent couple of years, the company has come under heavy scrutiny from investors and customers alike, many calling for the blood of Jim Balsillie and Mike Lazaridis. The Wall Street Journal is reporting that the two CEO’s are stepping down from their duties as of today and being replaced by current COO Thorsten Heins. Jim and Mike will continue on the board but in a non-operational role according to WSJ.

RIM is currently in a state of flux, having witnessed poor PlayBook sales and a rapidly declining market share even in the corporate sector — a section of the market RIM had dominated for years. RIM is currently hard at work in bringing BlackBerry 10 to market. BB10 is a new QNX based OS which will compete more directly with iOS and Android. Reports also suggest that RIM might be willing to license BB10 to other manufacturers. Any takers?

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Thomas Joseph

Thomas is a tech-enthusiast who writes for GQ and MyPortableWorld. He got his break in the business by writing for the Boy Genius Report. He is also a self proclaimed drummer and scientist. We beg to differ. You can follow his deranged musings on twitter at: @stumpypenguin

One thought on “RIM Co-CEO’s step down in corporate reshuffle”

  1. 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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