Proxy firms pressure RIM to split CEO/chairman roles (Digital Trends)

Digital Trends - BlackBerry maker Research in Motion is facing tough questions from investors as the company has been forced to scale back its financial outlook, admits that more and more of the smartphones it’s selling are on the low end, and has begun laying off employees. Now, institutional proxy firms that represent blocks of investors in the company are beginning to call for co-CEO’s Mike Lazaridis and Jim Balsillie to give up their roles leading the company’s board of directors. The first firm to make the call was Northwest & Ethical Investments (NEI); today they were joined by proxy advisor Institutional Shareholder Services (ISS). The move is also backed by another advisory firm Glass Lewis.

Source: http://us.rd.yahoo.com/dailynews/rss/personaltech/*http://news.yahoo.com/s/digitaltrends/20110628/tc_digitaltrends/proxyfirmspressurerimtosplitceochairmanroles

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