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BlackBerry's CFO, CMO, and COO Leave Company

cagraham writes "In a pretty major executive shakeup, BlackBerry's Chief Financial Officer, Chief Marketing Officer, and Chief Operating Officer have all left the company. It's unclear whether the changes were brought about by new interim-CEO John Chen in order to facilitate company change, or represent an abandon-ship style exit after BlackBerry's failed bid to go private. The company announced that the CFO position would be filled by current SVP James Yersch, but gave no word on the other vacancies."

29 of 159 comments (clear)

  1. Yes! by Anonymous Coward · · Score: 5, Funny

    That's three more rim jobs available.

    1. Re:Yes! by K.+S.+Kyosuke · · Score: 5, Funny

      Oh no, don't tell me you're another of them market analists...

      --
      Ezekiel 23:20
    2. Re:Yes! by Anonymous Coward · · Score: 4, Funny

      Oh no, don't tell me you're another of them market analists...

      Well, these executives really wrecked'um!

    3. Re:Yes! by TWiTfan · · Score: 4, Funny

      It was bound to happen in the end.

      --
      The cow says "Moo." The dog says "Woof." The Timothy says "Thanks, valued customer. We appreciate your input."
  2. Don't worry for them by bob_super · · Score: 3, Interesting

    They shipped themselves out with the full security and convenience of cryptic golden parachutes.

    1. Re:Don't worry for them by Dr.+Evil · · Score: 4, Funny

      Those golden parachutes are needed to encourage top talent. A reward for a job well done.

    2. Re:Don't worry for them by Anonymous Coward · · Score: 2, Funny

      Indeed. Who in their right mind would accept a job with a 7 figure salary without the guarantee of financial stability for the remainder of your natural life?

    3. Re:Don't worry for them by SpaceLemur · · Score: 2

      The problem is how many get them even when they've proven they're not top talent, and haven't done a job well.

    4. Re:Don't worry for them by alexander_686 · · Score: 3, Insightful

      I know you are trying to be funny, but you are half-right.

      It is not to attract high level talent, it is kick them out. If I am a high level executive and I have a choice – quite my job for the benefit or the firm or fight to keep my job (which means being a distraction, promoting infighting, etc.) I am going to choose to fight for my job.

      Unless, of course, I have a golden parachute. Parachutes tend to be less lucrative then having a job but they can be used to ease people out of their positions.

    5. Re:Don't worry for them by Minwee · · Score: 4, Insightful

      Perhaps you just misunderstand what the job that they have done well is.

    6. Re:Don't worry for them by BasilBrush · · Score: 2

      Sounds like another clause to go in potential "maximum wage ratio" legislation. If the company uses "at-will" employment for it's normal employees, then it would be at-will for execs too.

  3. Wonder who is getting the assets... by mlts · · Score: 4, Insightful

    I have a feeling that RIM is going to be the next company fought over in the Apple/Microsoft versus Google/Samsung patent wars...

    1. Re:Wonder who is getting the assets... by Zordak · · Score: 2

      My only issue is how would you license patents from a defunct company.

      You license them from the bankruptcy creditor who ended up with them. This isn't that complicated. Patents are property, just like the chairs and desks. When a company goes belly up, the bankruptcy court sells what anybody is willing to buy. Assets don't just disappear into the aether.

      --

      Today's Sesame Street was brought to you by the number e.
  4. No big deal by hawguy · · Score: 4, Funny

    That's not necessarily a sign of trouble at the company - they probably just wanted to spend more time with their families and maybe pursue some hobbies, just like all top executives that leave a company.

    1. Re:No big deal by davidbrit2 · · Score: 4, Insightful

      Hobbies like working for a company that's not in a nosedive.

  5. Good riddance by faclonX · · Score: 5, Insightful

    The CMO didn't do anything, did you see any ads for BlackBerry 10? The marketing for the "flagship" product never existed, because the CMO dropped the ball. I'm actually surprised the CFO is leaving, he's been with BlackBerry for a long time. I would expect there to be a top exec shuffle with a new CEO considering the old CXX execs were pretty useless.

    --
    It had to be done... It had to be said...
    1. Re:Good riddance by Anonymous Coward · · Score: 2, Interesting

      Except that the CFO leaving usually means that a company is bankrupt. After all, he is the first one to know.

  6. Re:So long by Captain+Splendid · · Score: 3, Insightful

    Somebody explain to me again how private enterprise is just in every way better and more efficient than government?

    --
    Linux, you magnificent bastard, I read the fucking manual!
  7. Final company wide email by wiredog · · Score: 4, Funny

    EJECT! EJECT! EJECT!

  8. Re:So long by Captain+Splendid · · Score: 2, Interesting

    Way to twist my argument. It's just gospel these days that there's nothing government can do that private enterprise can't do better.

    Except that, if you'd been paying attention, it seems that plenty of businesses, big and small, fuck up spectacularly and/or go down in blaze of glory (or whimper of acquisition).

    So it seems to me that large, goal-oriented groups all have an equal chance of failure, whether there's a profit motive or not.

    Yet, the mantra still is "Private enterprise is better than public." Wonder why that is.

    --
    Linux, you magnificent bastard, I read the fucking manual!
  9. BBY can drift along nicely without those guys by swschrad · · Score: 2

    they've driften along nicely for three years already. the drain is in sight. they don't need a C-level to reach it.

    --
    if this is supposed to be a new economy, how come they still want my old fashioned money?
    1. Re:BBY can drift along nicely without those guys by Kjella · · Score: 2

      they've been circling the big black hole for three years already, they don't need a C-level to glide in.

      FTFY ;)

      --
      Live today, because you never know what tomorrow brings
  10. Re:So long by H0p313ss · · Score: 4, Insightful

    Somebody explain to me again how private enterprise is just in every way better and more efficient than government?

    one word: healthcare.gov

    Created by private enterprise on contract.

    --
    XML is a known as a key material required to create SMD: Software of Mass Destruction
  11. Re:So long by Jason+Levine · · Score: 2

    Windows Phone is doing better than Blackberry at the moment. And given how Windows Phone is barely clinging to a fraction of marketshare, that's saying something. Blackberry is so bad at this point that a switch to Windows Phone would be an improvement!

    --
    My sci-fi novel, Ghost Thief, is now available from Amazon.com.
  12. Re:So long by LordLimecat · · Score: 4, Insightful

    Managed by government agency, to a spectacular result: Noone is to blame, noone knows why, and noone is getting fired. Hooray!

  13. No biggie by Anonymous Coward · · Score: 2, Interesting

    Executive positions are some of the most generic jobs in the world, and anyone can fill them - in fact, executive decisions are no better than random.

    Just give them to three of the most loyal janitors at RIM - I'm sure they would do no worse a job than any random super-rich executive in the US.

  14. Re:So long by Dragonslicer · · Score: 2

    Somebody explain to me again how private enterprise is just in every way better and more efficient than government?

    one word: healthcare.gov

    Two letters: EA

  15. Re:So long by MysteriousPreacher · · Score: 4, Funny

    The main difference are that when private enterprise raises money, the investment is voluntary, and when a private enterprise fails, they go away.

    Life is harsh in the private sector. A moment of silence, please, for the following companies that failed and are presumably no longer in business:

    General Motors
    AIG
    Bank of America
    Citigroup
    JPMorgan Chase
    Wells Fargo
    Chrysler
    Goldman Sachs
    Morgan Stanley
    PNC Financial Services

    --
    -- Using the preview button since 2005
  16. Re:So long by Ravaldy · · Score: 2

    I disagree. The wow factor is gone from these devices and now it's just a matter of what you prefer to use. So many people have looked at my Windows phone and said: "Wow, that's slick. Looks very smooth and easy to use". These comments have mostly come from Android S3 users. One of these friends actually returned his S3 since he was still within the 14 day period they allow exchanges for.

    As long as MS is willing to lose more money in the mobile market they will eventually break through. Their increase in the market mostly came from the recent Windows. The previous versions were garbage on both the hardware and software side.