“Research in Motion may have a shareholder revolt to add to its woes,” The Toronto Sun reports.
“Jaguar Financial, an investment banking shareholder in the technology giant, urges a major strategic shake up, including a possible sale of the BlackBerry maker,” The Toronto Sun reports. “The bank, which invests in poorly performing companies and pushes for change, said RIM needs to appoint a special committee to examine all possible options following the collapse in the company’s share price.”
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The Toronto Sun reports, “‘The status quo is not acceptable. The company cannot sit still. It is time for transformational change,’ Jaguar chairman and chief executive Vic Alboini said in a statement. ‘The Directors need to seize the reins to maximize shareholder value before more market value is lost.'”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Kewo” for the heads up.]