RIM’s Co-CEO’s Announce Their Resignation
by Brian • January 22, 2012 • Blackberry • 1 Comment
Both Jim Balsillie and Mike Lazaridis have announced their resignation as co-CEO’s of RIM. The resignation takes effect immediately. The board of directors has unanimously appointed another oddly named man to replace them, Thorsten Heins. Heins has been with RIM for the past 4 years and was recently names chief operating officer of product sales.
Lazaridis will remain vice chair of the board of directors as well as chair of its new innovation committee. Balsillie will remain on the board of directors.
“I agree this is the right time to pass the baton to new leadership, and I have complete confidence in Thorsten, the management team and the company, I remain a significant shareholder and a director and, of course, they will have my full support.”
said Balsillie.
The company’s market share has been in steady decline with increased innovation and competition from Google and Apple. The Waterloo, Ontario based company was Canada’s most valuable company at its peak.
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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