http://business.financialpost.com/2012/01/03/rim-leaning-toward-new-chairman-sources/

According to the Financial Post, RIM is finally preparing to shed itself of Messrs. Balsillie and Lazaridis as Co-Chairs of the cratering company.

Supposedly the leading candidate to replace Messrs. Balsillie and Lazaridis is Barbara Stymiest, an independent director on RIM’s board.

I was highly critical of her in a recent posting of mine.  Maybe she was fighting for the sharedolders after all.

Will a change occur?  I hope so.

However, changing leaders cannot be the only change.

The company needs to hire experienced turnaround experts.

What many folks do not realize that incompetent leadership has a way of hurting innovation and employees.  Bad leadership has a tendency to stifle employees.  No one really knows how dysfunctional the entire company has become from an operations perspective.  New product alone will not be enough.