RIM Shareholders Meeting Could Mean Tough Questions for CEO
It could be a chilly reception for Research In Motion CEO Thorsten Heins at the company's annual shareholders meeting in Waterloo, Ontario.
It's expected that there will be many questions about poor Blackberry sales, technical delays and financial losses. Shareholders will get to grill RIM about its stock price which is now below $8 per share, when it used to be $25 just a year ago.
Research in Motion announced last month that it's lost more than $500-million and is delaying the release of it's latest Blackberry model, as well as cutting 5-thousand jobs.
Analysts predict a backlash from shareholders and plenty of criticism.