RIM ex-CEO Lazaridis planned to step down “for years”

One of RIMs former co-CEOs has admitted he had planned to step down from his position long before actually doing so

January 31, 2012
BlackBerry

Mike Lazaridis, former co-CEO and co-Chairman of BlackBerry marker Research in Motion (RIM) has mentioned in a recent interview that he had planned to step down from his role as the company’s leader for years.

Talking to The Record, Lazaridis also admitted that he had been grooming new RIM CEO Thorsten Heins for the CEO position since Heins was hired back in 2007.

Despite all of this, Lazaridis did not explain why he waited for RIM stocks to tank before he stepped down.

Despite poor share performance, Lazaridis says he plans to buy an additional $50 million in RIM stock, saying, “This company has a strong balance sheet of $1.5 billion. It has strong sales of over $5 billion a quarter. This is a strong organization with a strong global brand, an iconic product and a strong future.”

Read the full story at: Boy Genius Report.

Tags: BlackBerry, Mike Lazaridis, RIM, Thorsten Heins

Anonymous News Tip
Free Email Newsletter:
Subscribe
X

Anonymous News Tip






Captcha image
Not readable? Change text.

sending

Shutterstock is the image partner of MyBroadband – technology images can be found here

Join the conversation

Connect with MyBB

twitterfacebookandroidappleblackberrynewsletterfeed

Poll

Do you think Cell C's out of bundle data price increase will hurt the company?

View Results

Loading ... Loading ...

More News

The Internet a “CIA project”: Putin

big brother is watching

Russian President Vladimir Putin on Thursday called the Internet a “CIA project” and warned Russians against making Google searches

MTN 79c per minute prepaid call rate made permanent

MTN 79c

MTN has announced that its prepaid call rate of 79c per minute on its Pay Per Second price plan has been made permanent

How the DoC plans to give broadband to everyone

Broadband

The Department of Communications has provided an update on the implementation of its “SA Connect” broadband policy and strategy

New Internet TV player seals sports content deal

Digital TV

Discover Digital says it has concluded its first sports content deal in anticipation of the launch of internet TV in South Africa later this year.

bool(true)