Bowing to Critics and Market Forces, RIM’s Co-Chiefs Step Aside

Monday, January 23, 2012 00:01
edit
Bowing to Critics and Market Forces, RIM’s Co-Chiefs Step Aside

Jim Balsillie and Mike Lazaridis, who made the BlackBerry a leading business tool but then presided over its precipitous decline, said they would step down on Monday as co-chairmen and co-chief executives of Research in Motion.

This Website Is For Financial Professionals Only


The two men, in developing the innovative device that was the first to reliably deliver e-mail over airwaves, turned a tiny Canadian company into a global electronics giant, says The New York Times. But they are stepping aside after disappointing investors and leaving customers wondering whether RIM still has the ability to compete, and perhaps even survive, in the rapidly changing markets for smartphones and tablet computers.

Comments (0)

Write comment

You must be logged in to post a comment. Please register if you do not have an account yet.

busy