RIM’s Window Dressing: Fire the Chairpersons

RIM leaning toward new chairman: sources

The Financial Times reported yesterday that RIM was likely removing co-Chairmen Mike Laziridis’ and Jim Balsillie’s titles, installing an independent chairperson. The two would remain co-CEOs.

There is a great story in the Steve Jobs biography involving Larry Ellison of Oracle, Gil Amelio who was at the time CEO of Apple, and tech journalist Gina Smith:

That spring Larry Ellison saw Amelio at a party and introduced him to the technology journalist Gina Smith, who asked how Apple was doing. “You know, Gina, Apple is like a ship,” Amelio answered. “That ship is loaded with treasure, but there’s a hole in the ship. And my job is to get everyone to row in the same direction.” Smith looked perplexed and asked, “Yeah, but what about the hole?”

Yeah, RIM. What about the hole? [1]

[1] The problem is execution and mixed messages from the CEOs. Who gives a damn who is running the Board right now?