The Wall Street Journal reports that Research In Motion (RIM) has lost another executive: this time it’s Brian Wallace, VP of Digital Marketing and Media. Wallace has left RIM for Samsung, which confirmed he’s joined the company.
“Mr. Wallace’s departure comes amid a time of turmoil for Waterloo, Ontario-based RIM. The BlackBerry maker is bleeding market share in the U.S. as its aging product line struggles to compete against Apple Inc.’s iPhone and devices powered by Google Inc.’s Android-operating system, such as Samsung’s Galaxy. Last week, RIM’s shares fell to five-year lows after the company issued disappointing second-quarter guidance and said it would begin reducing its head count.”
Wallace is the latest high-profile marketing executive to leave RIM. Since the start of the year company lost its chief marketing officer and its VP of “Brand Creativity.” What’s more, last week, one of the company’s three chief operating officers went on temporary medical leave.
Another senior RIM executive leaves BlackBerry maker | Wall Street Journal
How likely is it that the people leaving RIM are indeed the highest-level executives who actually understood the issues concerning that company’s position in the consumer market?
Get out while the getting is good, I say. I doubt this is the talent that understands RIM’s predicament, most certainly not. Those individuals exited the company over five years ago. The exodus of late is the middle-management goons that are smart enough to see the writing on the wall before all the other slaves in Waterloo. Meanwhile, from the good seats, RIM’s duplicated and largely worthless management is looking in the mirror self-assured that their nakedness is “the next big thing.”
BORING! REPEAT!
Wake me when Samsung, HTC, Google(?) is picking over the carcass for acquisition.
September, 2012: Ailing former-giants RIM and Nokia announce a new strategy to shore up their declining presence in the mobile market: RIMKIA, a hastily-contrived merger of Finnish dissociation and Turkish/Greek denial.
Spot on sir, I commend thee for that astute snark!
It’s not unlikely.
What’s more they seem to think there’s no way to turn this ship around before hits the ice berg.