Blackberry ceo
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Jaguar says support grows for shake-up at BlackBerry maker
Jaguar Financial Corp. said holders of at least 8 percent of the stock are behind its campaign for a shake-up, and that percentage could keep rising as it talks with more institutional shareholders about forcing a dialogue with the struggling Canadian company.
Shares of RIM rose more than 4 percent after Jaguar’s declaration of support.
The stock has been battered this year as the company steadily loses market share to devices made by Apple or powered by Google’s Android software, raising questions about its direction and leadership.
“Everybody is in support of a sale of RIM or another value creative transaction ... like splitting the company into separate public companies — a network company, a device company and a patents company,” Jaguar Chief Executive Vic Alboini said.
Jaguar, a Canadian merchant bank that targets underperforming companies, wants RIM to hire a new chief executive to replace current co-CEOs Mike Lazaridis and Jim Balsillie, and to put itself up for sale, either as a whole or in parts.
With 8 percent s
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BlackBerry
Line of wireless handheld devices and services
This article is about the brand of electronic devices. For its parent company, see BlackBerry Limited. For the film, see BlackBerry (film). For the fruit, see Blackberry. For other uses, see Blackberry (disambiguation).
BlackBerry is a discontinued brand of smartphones and other related mobile services and devices. The line was originally developed and maintained by the Canadian company BlackBerry Limited (formerly known as Research In Motion, or RIM) from 1999 to 2016, after which it was licensed to various companies.[1]
Specializing in secure communications and mobile productivity, BlackBerry was once well known for the keyboards on most of its devices and software services that ran through its own servers.[2] At its peak in September 2011, there were 85 million BlackBerry subscribers worldwide.[3][4] However, BlackBerry lost its dominant position in the market due to the success of the Android and iOS platforms; its numbers had fallen to 23 million in March 2016, a decline
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RIM shareholder group pushing for sale, replacement of CEOs
The company that makes the BlackBerry has a short window to revive its sagging share price and shake up its business, or risk the escalation of a dissent movement that claims support from holders of 8% of its stock
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By Pav Jordan and Alastair Sharp
TORONTO – The company that makes the BlackBerry has a short window to revive its sagging share price and shake up its business, or risk the escalation of a dissent movement that claims support from holders of 8% of its stock.
Article content
Article content
Three Research In Motion shareholders backing a call from merchant bank Jaguar Financial for transformational change at the Canadian smartphone company said the still-informal group was bound to grow if RIM’s shares don’t rebound soon.
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