Minor RIM Management Shakeup Results in 2.5% Share Value Fall

Research in Motion suffered yet another 2.5% fall in share values last week, after investors responded with disappointment to a minor management shift. Reactions were also generally unkind to the news that CEO Thorsten Heins was lavished with no less than $10 million last year alone, along with hundreds of thousands of stock options.

Minor RIM Management Shakeup Results in 2.5% Share Value Fall

It has also come to light than departing CEO Jim Balsille received millions of dollars following his departure.

The Losses Continue

RIM is poised to post worse than expected losses for the second quarter of 2012, following an avalanche of poor forecasts, product setbacks and BlackBerry network outages which shook already dwindling consumer confidence.

(Visited 37 times, 3 visits today)

Speak Your Mind

*