RIM shareholder Jaguar Financial, is making a new round of calls for a leadership change at RIM. Just ahead of the earnings call RIM's stock price is at a seven year low, and Jaguar Financial is using this time to once again call for a change at the top. Jaguar has also previously called for the company to be sold.
RIM faces stiff competition in Android and iOS, and has been losing marketshare for a couple of years now. Can Lazaridis and Balsillie survive another call for their heads? The outlook continues to look grim for the co-CEOs.
For months, Jaguar and other dissident shareholders have pushed for the replacement of Mike Lazaridis and Jim Balsillie, who share both top roles. The two are RIM's largest shareholders and the most powerful figures in its management.
"It strains credibility to believe that a CEO requires the title of chairman to sell RIM products but the RIM directors have apparently bought into this unconvincing rationale," said Jaguar, which has claimed support of investors that hold about 8 percent of the stock.
"It strains credibility to believe that a CEO requires the title of chairman to sell RIM products but the RIM directors have apparently bought into this unconvincing rationale," said Jaguar, which has claimed support of investors that hold about 8 percent of the stock.
RIM faces stiff competition in Android and iOS, and has been losing marketshare for a couple of years now. Can Lazaridis and Balsillie survive another call for their heads? The outlook continues to look grim for the co-CEOs.
