Although it’s not news that Research in Motion has been
tanking, it’s empowering to finally see shareholders standing up for their
stake in the company, by joining forces and pushing for change.
Just last week, in my Top Management Teams class at Tuck, Eric
Jackson, a shareholder activist and founder of Ironfire Capital, LLC, shared
his views about why
ineffective boards stay in power for longer than they should. What (may be) happening at RIMM is a rare
example of at least one active shareholder pushing for more accountability on
the board and management team to face reality and start to address the new
world of 2011, not the old one of 2006.
Now, let’s see if Jaguar can get some traction. Good luck!
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