Friday, January 25, 2013

RIM is doing everything backwards

RIM is doing everything backwards | Jul 11th 2012
Why this needs changing: The current board is getting flack for getting RIM into its current sad state of affairs. "I am extremely … extraordinarily critical of the board," one shareholder said during the the meeting. "I don’t think any of the old board members should still be on the board. RIM’s decline has been occurring for years. Why did they let it get out of hand? How could they allow things to get so bad before doing anything about it?" "What this company needs is an upheaval," said another. How RIM decided to do it: This is actually a non change, change. Though chairwoman Barbara Stymiest acknowledged the board issues, saying the company his hired a search firm to put tech savvy people on its board, RIM went and reelected its board.

Read more at The Atlantic Wire.

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