Reuters is reporting that wonder twins, Mike Lazaridis and Jim Balsillie, could be out at RIM as shareholders continued to watch the company falter in the smartphone and revenue race. The expectation is that an group of activist investors could make a move to control the company and make changes at the top. On investor saw the pair as “taxed for time” and under pressure to perform even as they were left behind.
As a I wrote a few weeks ago, RIM is caught. They want to be “popular” but they are perceived as straight-laced and uptight. Even as Lazaridis rants about “unfair” lines of questioning shareholders are more than likely to hold him to an even higher standard and, as he fails to deliver, knock him out of the driver’s seat.
Here’s hoping.
