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NY Tel
Premium Member
join:2004-04-09
Smithtown, NY

1 edit

NY Tel

Premium Member

Rim Jobs

This is a classic case of "founderitis".
You can't have 2 people with the same title with the same level of power in any organization, there has to be a tie breaker when it comes to decisions.
The guy with the hair refuses to admit that the iPhone was a threat 5 years ago..... The bald guy apears to pay more attention to his 2 failed attempts to create/buy a hockey team - so where is his focus?
No matter who you are in that company, you are powerless to make a difference as long as those guys are in power.
They are co-owners and have convinced the board to wait till next year (repeatedly).
The board is not acting responsibly by letting these guys stay in power.
I could rant on and on forever but this is going to be a case of their removal being one of those...
"kicking and screaming" events as they are escorted out the door.
openbox9
Premium Member
join:2004-01-26
71144

openbox9

Premium Member

said by NY Tel:

This is a classic case of "founderitis".
You can't have 2 people with the same title with the same level of power in any organization, there has to be a tie breaker when it comes to decisions.

I don't understand why RIM investors and the board continue to support "co-CEOs". As you point out, you can't lead a company (or anything) with two heads. I regret not holding my RIMM short longer from this summer.

NY Tel
Premium Member
join:2004-04-09
Smithtown, NY

NY Tel

Premium Member

said by openbox9:

said by NY Tel:

This is a classic case of "founderitis".
You can't have 2 people with the same title with the same level of power in any organization, there has to be a tie breaker when it comes to decisions.

I don't understand why RIM investors and the board continue to support "co-CEOs". As you point out, you can't lead a company (or anything) with two heads. I regret not holding my RIMM short longer from this summer.

Can I sell you my Blackberry Bold, its only a year old.
openbox9
Premium Member
join:2004-01-26
71144

1 recommendation

openbox9

Premium Member

Why would I want a used device when I can buy a new one without any new capabilities

I'll stick with my Android device

baineschile
2600 ways to live
Premium Member
join:2008-05-10
Sterling Heights, MI

1 recommendation

baineschile

Premium Member

Maybe I am different than all of you, but i LOOOOOVE Rim Jobs.

Wait, are we still talking about the company?!?!?

Anonymous88
Premium Member
join:2004-06-01
IA

1 recommendation

Anonymous88

Premium Member

said by baineschile:

Maybe I am different than all of you, but i LOOOOOVE Rim Jobs.

Wait, are we still talking about the company?!?!?

Your post is more relevant to this thread than RIM is to the smartphone industry.

J E F F4
Whatta Ya Think About Dat?
Premium Member
join:2004-04-01
Kitchener, ON

J E F F4 to openbox9

Premium Member

to openbox9

Re: RIM Jobs

said by openbox9:

said by NY Tel:

This is a classic case of "founderitis".
You can't have 2 people with the same title with the same level of power in any organization, there has to be a tie breaker when it comes to decisions.

I don't understand why RIM investors and the board continue to support "co-CEOs". As you point out, you can't lead a company (or anything) with two heads. I regret not holding my RIMM short longer from this summer.

Because the 'big' investor (and others), Jaguar, wants to basically break the company up and sell the patents. This would be good money for the investors (actually, it would be worth billions) but RIM would be gone, along with thousands of employee's.

RIM has several problems.
1. Perception. RIM is doing bad in the US, but not elsewhere..however, that doesn't matter.
2. Slow at delivering new products.
3. Slow at delivering new OS. (BB 10.0 (PB 2.0))
4. Two CEO's who believe they are too smart.

What RIM needs to do is find a new CEO, put Mike in charge of technology and development, and put Jim in charge of sales. They also need to find a marketeer.

I do know of some products that are up and coming, and it's never too late to get back into the game, but obviously they can't wait forever. One of their new products will compete directly with Android/iPhone. What they will need to work on is making everything seamless like the iPhone but have pricing closer to Android and overall quality and security that is better than Android and more secure than both. (security is BB's strong suit).

RIM also needs an attitude change with who they hire and how they hire. Going on education alone isn't cutting it, obviously, as you can see, with the two exec's that disrupted that flight. (was surprised to learn that they both were on work permits from Scotland, one living in this tiny village just north of here and the other from Kitchener) They spend billions on R&D but it doesn't seem to be going anywhere soon.

As for Mike and Jim, I have no idea how they manage to co-manage. Someone needs to give them a wake-up call, and I have no idea how that is going to happen, especially when sales continues to climb outside USA.
openbox9
Premium Member
join:2004-01-26
71144

openbox9

Premium Member

said by J E F F4:

Because the 'big' investor (and others), Jaguar, wants to basically break the company up and sell the patents. This would be good money for the investors (actually, it would be worth billions) but RIM would be gone, along with thousands of employee's.

And this is likely what will eventually happen. Unfortunately, the longer the board waits, the less value that will be realized.
Warez_Zealot
join:2006-04-19
Vancouver

Warez_Zealot to openbox9

Member

to openbox9

Re: Rim Jobs

said by openbox9:

said by NY Tel:

This is a classic case of "founderitis".
You can't have 2 people with the same title with the same level of power in any organization, there has to be a tie breaker when it comes to decisions.

I don't understand why RIM investors and the board continue to support "co-CEOs". As you point out, you can't lead a company (or anything) with two heads. I regret not holding my RIMM short longer from this summer.

I'm sooooo mixed on this whole debacle. On one hand, RIM was never going to stay a leader in the smart phone market. They were the first, and as more and more manufactures got into the game, it was a natural assumption their market share would drop.

But they did F up big time when they decided not to focus on their core customers, and try to compete with Apple and Android manufactures. Now their having an identity crisis, and facing huge product delays....

Now RIM should focus on their core product and service, and try to get some stability in their market share. Investors expect constant growth, and now those same investors need to face the fact that RIM is now a mature company.

I hope Mr. Laz, and Balsillie fight for their company so that it's not broken up and sold off for its patents. They should try to keep the company in 1 piece for the sake of their employees and customers.
openbox9
Premium Member
join:2004-01-26
71144

openbox9

Premium Member

said by Warez_Zealot:

Investors expect constant growth, and now those same investors need to face the fact that RIM is now a mature company.

At this point, many investors might be happy simply to not lose any more value. You state that RIM is a mature company, but its actions suggest otherwise.
said by Warez_Zealot:

I hope Mr. Laz, and Balsillie fight for their company so that it's not broken up and sold off for its patents. They should try to keep the company in 1 piece for the sake of their employees and customers.

Even though I'm not an investor, I would hope that the "co-CEOs" get the boot and the board looks seriously for someone (singular) to get the business on the right track.

inteller
Sociopaths always win.
join:2003-12-08
Tulsa, OK

inteller to baineschile

Member

to baineschile
"Wait, are we still talking about the company?!?"

I haven't been talking about this company since I sold crackberry.com to the suckers who have it now.