RIM Execs Keep Bailing

Evan Niu (TMFNewCow), The Motley Fool

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.

Name

Title

Time

Keith Pardy

Chief marketing officer

March 2011

Brian Wallace

VP of digital marketing and media

June 2011

Don Morrison

Chief operating officer

July 2011 (retired)

Ryan Bidan

Senior product manager, BlackBerry PlayBook

July 2011

Mike Kirkup

Senior director of global developer relations

August 2011

Tyler Lessard

VP for global alliances and developer relations

September 2011

Jim Balsillie

Director, co-CEO, and co-chairman

March 2012

David Yach

Chief technical officer of software

March 2012

Jim Rowan

Chief operating officer of global operations

March 2012

Alan Brenner

Senior VP of BlackBerry platform

April 2012

Alistair Mitchell

VP of BlackBerry Messenger

April 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 thisarticle 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.

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