Balsillie and Lazaridis, who guided RIM together for two decades only to see an 88 percent drop in the stock price since 2008, said the decision to step down and appoint Heins was theirs…“He’s really excelled in every department he’s been responsible for,” Lazaridis said.
There usually comes a day when the hero becomes a king and the king becomes a counselor for the sake of the kingdom. Succession planning and implementation is the key here. If Heins was and had been the sure choice, then it’s unfortunate that it took the whole 88% drop over the past few years to convince Basillie and Lazaridis that the time for Heins’s succession had come.
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