Balsillie, Lazaridis insist it had nothing to do with investor pressure
(NEWSER) - A big shuffle at Research in Motion last night, as Jim Balsillie and Mike Lazaridis—who have served together as co-CEOs for two decades—stepped down, turning over the top position at the struggling company to former chief operating officer Thorsten Heins. Balsillie and Lazaridis also gave up their co-chairmanship, and the board named current board member Barbara Stymiest the new chair. Company co-founder Lazaridis will serve as vice chair, and Balsillie will remain a board member; the two remain directors and significant shareholders, the Wall Street Journal reports. More»
