Monday, January 23, 2012

RIM’s Co-CEOs Step Down, Former COO Takes the Helm

Breaking news out of Waterloo, Canada tonight. Research In Motion’s Mike Lazaridis and Jim Balsillie have stepped down from their co-CEO roles. The company’s former COO, Thorsten Heins, has been tapped as their replacement.
RIM’s board of directors and major stock holders have been calling for the move for quite some time now. The company, which was once a major player in the smartphone industry, is now holding on to a dismal 6% of the market.

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