InfoAnda - RIM shares drop after minor board shuffle |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Webby Awards name top 10 Internet moments of the decade | 19 November 2009
Nobel laureates launch appeal for Aung San Suu Kyi | 13 December 2008
NZ cenbank cuts rates by record 150 bps to 5 pct | 4 December 2008

Fans scramble for Apple's iPhone upgrade | 25 June 2010

Forum Views () Forum Replies ()

Read more with google mobile : RIM shares drop after minor board shuffle |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Frederick Kempe Christopher Papagianis Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Editor's Choice Australia to create marine haven June 14 - The Australian environment minister unveils plans for the world's largest network of protective marine parks. Paul Chapman reports. Video Telescope to hunt black holes reaches orbit Gene sequencing used to combat superbug Top heart doctors fret over new blood thinners Video: Stars align for synthetic vocal cord trials Follow Reuters Facebook Twitter RSS YouTube Read Most say Bush to blame for weak U.S. economy, poll finds 10:36am EDT Countries across world gird for Greece turmoil 7:53am EDT Two more witnesses detail abuse by Sandusky in trial 3:41pm EDT Wall Street rises on news central banks primed to act | 5:26pm EDT Allen Stanford sentenced to 110 years in prison 5:22pm EDT Discussed 112 Obama: U.S. economy ”not doing fine”, action needed 104 China could impound European planes in carbon row 72 Analysis: Obama’s gamble: Asking for more time to fix economy Watched U.S. Morning Call: Greek stocks soar; Nokia job cuts 7:58am EDT Bodies found after Peru avalanche 5:43am EDT New NASA telescope a black hole hunter with X-ray eyes Wed, Jun 13 2012 Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more The Afghan front On the frontlines of the war in Afghhanistan. Slideshow Child laborers A look at children who work to contribute to their family's income. Slideshow RIM shares drop after minor board shuffle Tweet Share this Email Print Related News UPDATE 4-RIM shares drop after minor board shuffle 5:33pm EDT Best Buy founder resigns, puts large stake in play Thu, Jun 7 2012 Chesapeake shakes up board under pressure Mon, Jun 4 2012 Analysis: Even after hiring bankers, RIM running out of options Wed, May 30 2012 Europe's deepening crisis drags Wall Street lower Wed, May 30 2012 Analysis & Opinion Wall Street’s preference for low-priced stocks New SJ motion in BofA/Merrill case: The boon of discovery Related Topics Tech » Hot Stocks » Asian Markets » By Alastair Sharp TORONTO | Thu Jun 14, 2012 5:34pm EDT TORONTO (Reuters) - Shares of Research In Motion fell 2.5 percent on Thursday after the struggling BlackBerry maker named a financier to replace a telecom executive on its board, disappointing investors looking for more sweeping changes. The company, whose share price has tumbled alongside its once-dominant share of the smartphone market, also said it paid its new CEO more than $10 million in the company's last fiscal year and gave him hundreds of thousands of stock options to take the top job in January. It also revealed millions of dollars in payments to former co-CEO Jim Balsillie, when he parted ways with RIM. "There may be some tough questions asked or some shareholder backlash if the change at the top is just this," said Sameet Kanade, an analyst at Northern Securities, referring to the announcements, made in a filing ahead of RIM's annual meeting next month. Kanade said the filing suggested the company was making little progress toward the broad changes investors are seeking. RIM has lost favor as the email-centric BlackBerry falls behind in a fast-changing smartphone market now dominated by Apple Inc's iPhone and devices using Google Inc's Android software. Still, the nomination of financier Timothy Dattels to the board could indicate RIM is more seriously considering going private, or mulling a leveraged buyout for the company. Dattels, a senior partner at private equity firm TPG Capital LP, previously served as Goldman Sachs' head of investment banking for Asia excluding Japan. He replaces Antonio Viana-Baptista, a former Telefonica SA executive who had been a RIM director since September 2009. RIM said Viana-Baptista opted out so he could spend more time in his role as CEO of Credit Suisse in Iberia. RIM is proposing the re-election of the remainder of its board at an annual meeting on July 10. It said it would look to add one or more new board members in the current fiscal year. RIM's Nasdaq-listed shares closed 2.5 percent lower at $10.40 on Thursday. The stock has lost more than 70 percent of its value over the past year. COMPENSATION ISSUES The company said Thorsten Heins, who was promoted to chief executive earlier this year, received total compensation of $10.2 million in fiscal 2012, which ended late in March. He received an award of 400,000 restricted stock units, which vest over a three-year period, for taking the top job. "It didn't excite anyone," Fred Ketchen, director of equity trading at ScotiaMcLeod, said of the filing. "I think the money aspect is a factor" in the stock decline, he said. A year ago, RIM narrowly avoided a vote of confidence on its management when an investor withdrew a motion to split the CEO and chairman roles after the company promised to study the issue. The roles were shared at the time by Mike Lazaridis and Jim Balsillie. Some watchers were hoping for more agitation this year. "It would be nice to see an activist make a play but they would have to believe that it could be fixed and they don't," said Eric Jackson, a fund manager at Ironfire Capital. Lazaridis and Balsillie stepped down from their roles in January, though Lazaridis remains an influential member of the board, serving as vice-chairman. When Heins took over as CEO in January, board member Barbara Stymiest became chairwoman. "Over the past six months, the board and Thorsten have been proactively working together to introduce significant changes in the company as we move towards the launch of our next generation BlackBerry platform," said Stymiest in a statement. "We are actively exploring new partnerships and other opportunities to extend the reach of BlackBerry and enhance long-term value for all RIM stakeholders," she added. In its filing, RIM said Balsillie was paid $4.8 million in relation to his resignation, while Lazaridis was paid more than $850,000. Both had agreed to cut their base salary to $1 in their last days in the top job. Balsillie's stock options, which he will be able to access quicker since he left the board in March, takes the total value of his entitlements to $7.9 million. Lazaridis would receive entitlements totaling $3.9 million should he leave the board, and would retain an office, company car and driver. The smartphone maker, headquartered in Waterloo, Ontario, has warned it expects to post an operating loss in the quarter just ended. Those numbers are due to be released on June 28. That latest warning follows a stream of lowered earnings forecasts, product delays, writedowns and an embarrassing global network outage that left millions of people without email on their BlackBerry phones for several days. A string of senior staff have left - including RIM's top salesman and chief lawyer last month - and it has hired bankers for a strategic review that could lead to an overhaul of its business model or less drastic moves such as partnerships and licensing deals. It has not ruled out a sale of the company. (Additional reporting by Euan Rocha and Jon Cook in Toronto; Editing by Frank McGurty) Tech Hot Stocks Asian Markets Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Friday, 15 June 2012
U.N. chief warns of lack of resources in Kony hunt |
Bahrain eases medic sentences, U.S. deeply disappointed |
Don't be like your father, Clinton urges North Korea ruler |
Mexico presidential frontrunner rises in poll after debate |
Britain warns Argentina over Falklands aggression |
Romania ex-PM quits party post after vote defeat |
Obama spoke with Saudi King Abdullah on Thursday: White House |
Exclusive: Dell is strategic bidder for Quest: sources |
Judge gives Apple reprieve in patent case versus Google |
FT sees BlackBerry with smaller role in future |
RIM shares drop after minor board shuffle |
Cognizant enters into $330 million deal with ING U.S |
Your Money: Is LinkedIn Premium worth it? |
Rockers The Hives lay down the law for Lex Hives |
Artist Abramovic attracts new stares in film |
Court rulings tip Egypt's transition into turmoil |
Yemen army recaptures third rebel bastion in south |
Suu Kyi visits Swiss parliament before Nobel prize |
Military man has Egypt presidency in sights |
Exclusive: Arrested spy compromised China's U.S. espionage network: sources |
Japan lower house passes bill to insure Iran oil imports |
Egypt transition in turmoil on eve of vote |
Jewish settlers won't go quietly as eviction looms |
Syrian town deserted, burnt after clashes |
Kidnapped crime reporter found dead in eastern Mexico |
Nokia cuts 10,000 more jobs as losses deepen |
Microsoft to buy Yammer for more than $1 billion: WSJ |
Facebook to file motion, discuss Nasdaq role in IPO: report |
Renesas close to securing support but outlook murky |
Cognizant enters into $330 million deal with ING U.S. |
Samsung LCD lines hit by brief power outage |
Kevin Costner wins lawsuit brought by Stephen Baldwin |
Obama shifts from grit to glitz in election-year contrast |
Singer Chris Brown attacked in NY club: spokesman |
Darth Vader boy from Super Bowl ad has heart surgery |
Artist Abramovic attracts new stares in film |
Disney steps up efforts to bring Avengers to parks |
Secret drone wars not part of leak probes: sources |
Egyptians eye protests against coup |
Obama to meet Hu on sidelines of G20 |
World on red alert for Greek vote |
Congo rebels seize territory in the east |
Safety fears restrict relief work after Myanmar riots |
India's coalition names Mukherjee for president in econ shakeup |
Hollande's left eyes solid win in French parliament vote |
Motorola Solutions to buy computing pioneer Psion |
Call app could lift Facebook sales: VoIP firm Rebtel |
Retailers feast on free Facebook tools, shun ads |
Analysis: Rostelecom mobile push may stir Russian price war |
Thai culture chiefs go Gaga over singer's offensive show |
Bristol Palin returns to reality TV spotlight |
Dench, Radcliffe, Law star for new theatre company |
African beats come to London, with help from Brazil |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01