RIM Execs Keep Bailing

The exec exodus at Research In Motion (NAS: RIMM) continues.

The latest two to bail are Alan Brenner, senior VP for the BlackBerry platform, and Alistair Mitchell, VP for BlackBerry Messenger. The list of higher-ups who have recently called it quits keeps growing, the most noteworthy being ex-co-CEO and ex-co-Chairman Jim Balsillie, who co-founded RIM, after the company reported earnings last month.

Here's a taste of some of the names that have abandoned ship recently.




Keith PardyChief marketing officerMarch 2011
Brian WallaceVP of digital marketing and mediaJune 2011
Don MorrisonChief operating officerJuly 2011 (retired)
Ryan BidanSenior product manager, BlackBerry PlayBookJuly 2011
Mike KirkupSenior director of global developer relationsAugust 2011
Tyler LessardVP for global alliances and developer relationsSeptember 2011
Jim BalsillieDirector, co-CEO, and co-chairmanMarch 2012
David YachChief technical officer of softwareMarch 2012
Jim RowanChief operating officer of global operationsMarch 2012
Alan BrennerSenior VP of BlackBerry platformApril 2012
Alistair MitchellVP of BlackBerry MessengerApril 2012

That list contains an awful lot of "chiefs," "VPs," and "seniors" whonare moving on to bigger and better things. There was also a report back in October that execs were politely declining to buy RIM shares on the open market. Not exactly confidence-inspiring, is it?

The consumerization of IT continues to wreak havoc on RIM, as many enterprises now let employees pick their own devices. Instead of opting for BlackBerrys, workers increasingly want either a Google (NAS: GOOG) Android device or an Apple (NAS: AAPL) iPhone. Those two platforms combined now comprise almost three-quarters of all smartphones sold in the world.

Not even RIM's top brass has faith in the company anymore, so why should investors?

There are better ways to play the mobile revolution, starting from the inside. Get this report on 3 Hidden Winners of the iPhone, iPad, and Android Revolution for a list of critical component suppliers that are much more promising than RIM. It's totally free.

At the time this article was published Fool contributorEvan Niuowns shares of Apple, but he holds no other position in any company mentioned. Check out hisholdings and a short bio. The Motley Fool owns shares of Google and Apple.Motley Fool newsletter serviceshave recommended buying shares of Apple and Google and creating a bull call spread position in Apple. The Motley Fool has adisclosure policy. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story