http://www.bloomberg.com/news/2012-01-23/rim-replaces-ceos-as-it-struggles-to-answer-apple.html

RIM’s co-Chief Executive Officers Jim Balsillie and Mike Lazaridis have stepped down.  Thorsten Heins, RIM’s chief operating officer who joined RIM four years ago from Siemens AG, will replace the pair in the CEO post effective immediately

According to the RIM board, Balsillie and Lazaridis stepped down on their own and not a response from outside pressure.  Total nonsense; it had to be outside pressure or was this the biggest coincidence you could imagine?

Stock is crashing to earth like a meteor.  The company has no plans on how to respond to either the Android and iPhone and these two co-CEOs just decide it was time to step down.  I wish the RIM board would leave now.  The RIM board is just as responsible for this mess as Balsillie and Lazaridis were.  Lying about why the two co-CEOs does nothing but protect the feelings of two individuals who have caused thousands of people and I am sure pension funds as well to lose millions in value at a time when regular folks cannot afford to lose a dime.  It is insulting.

Now it is time for the board to leave.  The board just does not get it; they work for the shareholders.