RIM Gets New CEO, Chair As Co-Owners Step Down Amid iPhone Pressure

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Photo by Ninja M. - http://flic.kr/p/6TrRGS
Photo by Ninja M. - http://flic.kr/p/6TrRGS

Research in Motion announced over the weekend that the company’s two co-founders have stepped down as co-CEOs of the embattled BlackBerry maker in favor of two relative unknowns. RIM’s Chief Operating Officer Thorsten Heins becomes the new CEO while Royal Bank of Canada executive Barbara Stymiest was named independent chair.

RIM Board May Fire Co-CEOs Amid Investor Revolt

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BlackBerry Playbook
Image used under CC license from Flickr user: estilopda

BlackBerry maker Research in Motion often seems to have two left feet when it comes to management. Now, after becoming a serial failure, the company is considering removing its biggest roadblock: RIM’s co-CEOs. But can it quiet a months-long investor revolt?

RIM’s Co-CEOs Pull A Steve Jobs, Cut Salary To $1

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Photo by ap. - http://flic.kr/p/EBuEB
Photo by ap. - http://flic.kr/p/EBuEB

As Research In Motion circles the smartphone drain, its two CEOs cut their pay to $1. The Steve Jobs-like maneuver may not be enough to save a company that lost 70 percent of its profit to Apple and Android. The only question left: Are the BlackBerry maker’s leaders even worth a buck?