Jim Balsillie resigns, RIM earnings disappoint, share prices drop and Thorsten Heins starts firing people

Jim Balsillie resigns, RIM earnings disappoint, share prices drop and Thorsten Heins starts firing people

Breaking Research in Motion news: today brought not only an expected fourth quarter earnings report (spoiler: the numbers were dismal and share prices nosedived), but also a big—if not surprising—announcement: former co-CEO Jim Balsillie has stepped down from the company’s board of directors. New CEO Thorsten Heins also used this momentous day to start firing high-level staff in sales and marketing. At least no one can can say the company’s not making significant changes anymore. Read the entire story [Globe and Mail] »