If you think Research In Motion's co-CEOs are hurting for money after taking dramatic pay cuts, think again.
RIM chiefs Jim Balsillie and Mike Lazaridis said yesterday that they had asked to change their salary to $1 per year. The salary cut was a clear acknowledgement of the issues facing the company, and an act of contrition amid growing criticism about their ability to run the BlackBerry business.
It's a welcome gesture from two executives who have previously been criticized as in denial about RIM's prospects. But the act isn't as magnanimous as it initially appears, … Read more