Lazaridis and Fregin said to be in talks with investment firms
BlackBerry founders Mike Lazaridis and Doug Fregin are reportedly considering a takeover bid for the company, according to a Securities and Exchange Commission filing submitted Thursday. The pair, which together already hold an eight-percent stake, have teamed with Goldman Sachs and Centerview Partners to "explore the possibility of submitting a joint bid" to buy the rest of the outstanding shares.
RIM had prepped Heins for possible CEO spot
RIM's departing co-chief Mike Lazaridis chose an unofficial exit interview this weekend to uncover the amount of preparation for new CEO Thorsten Heins. He explained to The Record that they had started succession plans years ago and that Heins had been kept in mind. He was a "star" already, but he had to prove his worth and take on more roles before he could take on the position.
RIM CEOs quit unexpectedly
In a surprise step, RIM confirmed late Sunday that its two CEOs Jim Balsillie and Mike Lazaridis would resign from their top positions. The two would stay on as board members and shareholders for the BlackBerry designer, they told the Wall Street Journal early, but would hand over direct leadership to one person, current COO Thorsten Heins. Board member Barbara Stymiest would be promoted to an independent board chairman.
Execs expected to hold onto power
Research In Motion co-CEOs Mike Lazaridis and Jim Balsillie are believed to be holding closed-door meetings to discuss potential strategies for a shakeup in the company's leadership. Many investors have come to equate the company's ongoing troubles with the unique executive structure, which is dominated by two head executives who also serve as co-chairmen of the board.
RIM retrospective talks of no future-forward plans
A new retrospective of RIM from anonymous, former executives has painted an image of a company with a long-term difficulty anticipating phone trends. Trouble anticipating demand for personal-oriented smartphones reportedly not only extended to just after the iPhone launch but as far back as 2005, BGR said. Co-CEO Mike Lazaridis not only dismissed now commonplace features like cameras and music playback but basics like easy-to-remember names, dismissing Motorola's RAZR and others only to give in a few years later with the Pearl, Curve, and all its lineup.