RIM Shareholder Jarislowsky Adds to Call for Chairman, CEO Split
June 17 (Bloomberg) -- Jennifer Fritzsche, an analyst at Wells Fargo Securities LLC, talks about the outlook for Research In Motion Ltd. RIM, maker of the BlackBerry smartphone, said quarterly revenue may drop for the first time in nine years and unveiled plans to reduce jobs. Fritzsche talks with Erik Schatzker on Bloomberg Television's "InsideTrack." (Source: Bloomberg)
June 16 (Bloomberg) -- Paul Taylor, chief investment officer at BMO Harris Private Banking, talks about Research In Motion Ltd.'s profit forecast, product portfolio and management. RIM, maker of the BlackBerry smartphone, forecast second-quarter revenue and profit that missed analysts’ estimates and said it will cut jobs as a lack of new models prompts consumers to buy rival devices. Taylor speaks with Emily Chang and Cory Johnson on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)
Billionaire Stephen Jarislowsky, one of Research In Motion Ltd. (RIMM)’s largest shareholders, added his name to the call for the BlackBerry smartphone maker to split the roles of chairman and chief executive officer.
“You should not have these two people at both positions because they have worked together all their lives and they are basically the same person, from point of view of policy,” Stephen Jarislowsky, chairman of Jarislowsky Fraser Ltd., said today in an interview.
The Montreal-based investment firm, which was the company’s sixth-biggest investor with 10.2 million shares of RIM at the end of the first quarter, has sold more than half its stake, he said.
Mike Lazaridis, who invented the BlackBerry to handle mobile e-mail, has shared the role of CEO with Jim Balsillie since 1992 and they are also both co-chairmen.
To contact the reporter on this story: Hugo Miller in Toronto at hugomiller@bloomberg.net
To contact the editor responsible for this story: Peter Elstrom at pelstrom@bloomberg.net
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