RIM Firing (Nearly) Everybody
itwbennett writes "Research in Motion (RIM) reported grim Q4 results Thursday and announced sweeping personnel changes. Leading the parade of departing execs is Jim Balsillie, former co-CEO of the company, who has given up his board seat. David Yach, who has been CTO of software for the company for 13 years, is retiring. And Jim Rowan, chief operating officer of global operations, who has been with the company for four years, is leaving to pursue other interests."
either you innovate or you are out of business really soon
http://crackberry.com/rim%E2%80%99s-q4-weak-results-and-outlook-and-brutally-honest-ceo-commentary
Looks like Thorsten is actually being the CEO now. Might get worse before it get's better. I have faith (mostly because not much else is left)!
K Man
I got issued a Blackberry Bold for work yesterday and so far I've been incredibly impressed and actually like it more than my Android phone. It's something I never thought I'd get into but the physical format and the UI made pretty good sense to me (unlike android which feels disorganized/non-intuitive in a few places).
Where I think RIM has really failed is in regards to creating a culture around their devices outside of the workplace. Android has geeks and counterculture, Apple has the hipsters...and well everyone else. When I think of people with Blackberries I think of corporate culture and suit and ties - what young consumer wants to be a part of that?
Anywho - for my own selfish reasons I hope they continue (at least from my first impression) making quality devices and figure out how to market themselves outside of the enterprise.
Having only recently gotten into the smartphone game (July 2011), I didn't really know anything about the industry back when RIM/Blackberry was king.
But now, having read some about it... wow, what a waste. They basically had huge, fat, margins, essentially no competition in the smartphone arena, for almost five years - and freaking sat on it and did almost nothing. Meanwhile Apple and Google were in the lab inventing the future. Unbelievable.
Like most Canadians the story concerns me because what does it say about the country? I sometimes wonder - even if RIM had had a clue and tried to come up with something iPhone- or Android-like, could they have done it without the California engineer and developer community? They had the money, but could they have enticed the brilliant graduates of top American schools to move to Ontario? And I don't mean to say that Canadian engineers aren't good, but that Apple and Google have access to a global talent pool - did/does RIM? (Fascinating question: How much does snow and ice have to do with the fortunes of a mobile phone developer?)
It's a sad but interesting story all around. I hope they can turn things around but I don't see much chance of it at this point.
Karma: pi (Mostly due to circular reasoning in posts).
This reminds me of Yahoo: they're listening too much to the pundits, looking too much at trends, and not doing what is known to succeed, which is figuring out what you do right that people like to buy and getting better at it.
I am sorry to see this happen to RIM, but their competition did just up the ante with Android. I still like a lot of the Blackberry features better and often feel their hardware and software is better engineered, but a generation or so behind. Sometimes that's the price you pay for stability but sometimes it's a liability.
CEO pay is a tiny fraction of operating costs. Cutting one's pay to zero would mean a failing company could run in the black for another couple of hours.