RIM to Explore Management Structure Changes
Research In Motion bowed to shareholder pressure today and agreed to study the idea of splitting the CEO and Chairman of the board roles, both of which are shared by co-founders Mike Lazaridis and Jim Balsillie. A committee will be established to explore how the CEO and Chairman roles might be best fulfilled, and will offer a recommendation based on its findings. RIM made the concession after increasingly discontented investors raised the possibility of voting on the matter themselves at RIM's general shareholder meeting, scheduled for next month. The investors behind the vote have rescinded their proposal pending an outcome of the study.
|A simple challenge to RIM shareholders who are happy with current management||bluecoyote||
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