Monday, January 23, 2012

RIM’s Heins Quickly Lodges Foot in Mouth

If a company loses more than 70% of its value in less than a year, Wall Street
usually cheers when a new CEO comes on board. But in the case of Research In
Motion (NASDAQ: RIMM ), things have not gone according to the playbook. The
stock was down more than 6% Monday after RIM announced new leadership. Then
again, the new CEO Thorsten Heins seems to be a lackey of the former co-CEOs,
Jim Balsillie and Mike Lazaridis. Despite the fact that RIM is getting crushed
by Apple (NASDAQ: AAPL ) and Google (NASDAQ: GOOG ),

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