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 The investors behind the vote have rescinded their proposal pending an outcome of the study.
RadioShack May Gain Second Life Thanks to Shareholders
A major RadioShack shareholder plans to invest more cash in the business in order to improve its liquidity. RadioShack is facing a cash crisis.
FCC's Ajit Pai Wants Net Neutrality Vote Delayed
FCC Commissioners Ajit Pai and Mike O'Reilly, both Republicans, today asked the FCC to delay its planned vote on net neutrality rules. The FCC is widely expected to vote on the proposed rules at its open meeting scheduled for Feb.
Instagram Bows Location and Hashtag Search
Instagram today made it easier to find story content in its mobile app based on location or interests/topics. A new story ring now appears at the top of the explore section.
Investors Give RadioShack a Second Chance
RadioShack has forged an agreement with Standard General and other investors to refinance about $585 million in debt. Standard General now stands as RadioShack's largest shareholder, with a 10% stake in the company.
FCC Delays Vote On Incentive Auction Rules
The FCC today removed a scheduled vote regarding the incentive auction rules from the agenda of its open meeting, scheduled for July 16. According to Commissioner Ajit Pai, the FCC delayed the release of some simulation data until just days before the vote.
A simple challenge to RIM shareholders who are happy with current management
Take anything Mike Lazaridis or Jim Balsillie says and translate it into coherent phrases. When they are unable to, their vote should go to change management by default.
How about: name a single question the RIM co-ceos have been able to answer.