toggle

AAPL Stock: 122.99 ( -0.39 )

Printed from http://www.macnn.com

RIM co-CEOs holding meetings to discuss leadership shakeup?

updated 09:40 pm EST, Wed December 14, 2011

Execs expected to hold onto power

Research In Motion co-CEOs Mike Lazaridis and Jim Balsillie are believed to be holding closed-door meetings to discuss potential strategies for a shakeup in the company's leadership. Many investors have come to equate the company's ongoing troubles with the unique executive structure, which is dominated by two head executives who also serve as co-chairmen of the board.

Although Lazaridis and Balsillie hold board meetings like any other corporation, however the co-chiefs are accused of making the sessions a "non-event," an unnamed source close to the company has told Wall Street Journal (sub. required).

The executives are said to be likely holding high-level meetings amid criticism over the current leadership, however many analysts expect Lazaridis and Balsillie to maintain tight control over the company's operations.

Concerns over RIM's future have steadily increased as the company has continued to lose market share in the smartphone segment and failed to deliver a competitive tablet. Executives warned of a $485 million hit due to unsold PlayBook inventory, despite slashing the price from $499 down to $199.

It remains unclear if the next BlackBerry PlayBook will help the company establish itself in the tablet market. Rumors suggest the company is working on a 10-inch model with a 720p display and LTE radio, however some analysts believe the lackluster performance of the first-generation model may have caused irreparable harm to the outlook for a second-generation tablet.




by MacNN Staff

toggle

Comments

  1. Leatherropes

    Joined: Dec 1969

    +1

    comment title

    Their behind closed door meetings are to figure out how to preserve their paychecks until they can find a lucrative after-life away from RIM.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

15-inch MacBook Pro with Force Touch

Apple's 15-inch Retina MacBook Pro continues to be a popular notebook with professional users and prosumers looking for the ultimate ...

Typo keyboard for iPad

Following numerous legal shenanigans between Typo -- a company founded in part by Ryan Seacrest -- and the clear object of his physica ...

Entry-level 27-inch Retina iMac

The 27-inch Apple iMac with 5K Retina display is already one of the best value-for-money Macs that Apple has ever released. It was som ...

toggle

Most Commented