LIBOR Lowlights, RIM's Downfall, Where's Jon Corzine and more
3. Move Along, Nothing To See Here Folks
There's nothing wrong with the company as it exists right now.
— Thorsten Heins, the chief executive of RIM, after the company announced a delay in the BlackBerry 10 on which it has staked its future, said it would shed 5,000 out of 16,500 jobs, posted a $512 million quarterly loss and saw its share price drop by about 95 percent.
Source: New York Times