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RIM Possibly Changing Co-Chairmen CEO’s With New Chair

Barbara Stymiest

There has been a ton of pressure on RIM and their board to shake things up this past year and it is continuing into 2012. Currently RIM’s Co-CEO’s Mike Lazaridis and Jim Balsillie are both chairmen of the RIM board. Shareholders requested to change this up awhile back but instead agreed to an inquiry with a later decision. That decision has a deadline of January 31st so we should be hearing more soon. The current rumor out of the Financial Post is that RIM is planning on announcing a new independent chairman Barbara Stymiest who has been on RIM’s board since 2007. She is one of the seven on the RIM board who have been examining the boards structure and looking at possible changes.

Either way we will probably be hearing soon on what is coming from RIM’s board. From what we have heard so far RIM is intensifying its focus on BB10 but 2012 is a key year for them. What do you think?

7 total comments on this postSubmit your comment!
  1. She’s a financial strategist and risk management person. Probably what the business side of RIM needs, but I can’t say what that will do for company morale, innovation, and marketing. Putting money people in charge is seldom a good thing.

  2. does this move possibly put rim up for sale

  3. I don’t think it’s an unwise decision. You’d want somebody strong to be independent chair of the board. Mike and Jim will still remain co CEO’s but will not have the added pressure of being co-CEOs and chairmen of the board.

    By having Barbara Stymeist as the Chairman of the Board of Directors it will satsify the finanical aspect/concerns of the board.

  4. I say make Alec Saunders CEO…someone who can put things back into action, or ass-kickers would work too Ronen, breakthrough the supposed red-tape environment that exists there. Brains and genius, why do they need business savy…they are sitting on a bucket load of cash, the problem is with the product (or delayed products).

  5. 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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