RIM Co-CEOs To Step Down; COO To Take The Reins

I suppose some might have seen this coming. In December, Research In Motion (RIM) released their third quarter earnings, which were yet another disappointment for the struggling maker of BlackBerry. RIM Co-CEOs Jim Balsillie and Mike Lazaridis announced subsequently that they would only draw yearly salaries of $1 to help combat the company's financial woes. Today, it seems the pressure has become too great, and a management shuffle is under way. The Globe has reported that the co-CEOs, after a year of pressure from investors and stockholders, have stepped down from the position. Company insider and current COO Thorsten Heins will be replacing them as the new chief executive.

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