RIM Co-CEOs To Step Down; COO To Take The Reins

I suppose some might have seen this coming. In December, Research In Motion (RIM) released their third quarter earnings , which were yet another disappointment for the struggling maker of BlackBerry. RIM Co-CEOs Jim Balsillie and Mike Lazaridis announced subsequently that they would only draw yearly salaries of $1 to help combat the company's financial woes. Today, it seems the pressure has become too great, and a management shuffle is under way. The Globe has reported that the Co-CEOs, after a year of pressure from investors and stockholders, have stepped down from the position. Company insider and current COO Thorsten Heins will be replacing the co-CEOs.