It seems that not all is well at the RIM
(Research in Motion) towers, as the board is considering sacking
the chairmen and founders of the firm in order to get out of the
As a quick reminder, trouble started hitting the BlackBerry
manufacturer late last year when its own server gave up for a few
days resulting in users not being able to use their handsets, and a
significant drop in sales followed shortly.
According to anonymous sources close to the brand, the board is
open to various options, including letting go Mike
Lazaridis and Jim Balsillie (but possibly
leaving them as CEOs) after poor sales and consumers' refusal to
embrace the firm's own tablet, PlayBook.
The company had to discount the tablet heavily in order to sell
off the remaining products.
The source also revealed a rumour that Barbara
Stymiest, currently an independent director, might get a
boost to become chairman of RIM.
However, industry insiders were very sceptical about the news,
with Matthew Thornton, analyst at Avian
Securities, saying to Reuters:
"She's being thrust into the limelight to appease
shareholders. It doesn't really do much for me
"This one action doesn't solve anything, in my
According to the rumours, the "business necessity" of
Lazaridis and Balsillie, as the board referred to it, is discussed
among other aspects in a bid to bring the business back on