RIMM CEO Mike Lazaridis Abruptly Terminates BBC Interview

Tyler Durden's picture

An odd update for RIMM shareholders. In an interview with BBC Click, RIM CEO Mike Lazaridis, who has had quite a bit of trouble convincing the market about anything lately, apparently was unable to convince the interview host not to ask a set of questions relating to RIM security issues in India and the Middle East. As a result, Mike proceeded to simply walk out of the interview. Rather odd behavior for a CEO whose credibility level is already perceived as low to quite low by the market. Then again, we expect nothing less from the Chairman on April 27 during the first ever Fed press conference, when someone asks him what exactly the $130 billion or so in "Other Assets" on the Fed's balance sheet actually are.

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Chuck Yeager's picture

Society is wise to media, unlike recent decades.

If you can't control the message, don't deliver one.

We are changing very rapidly as a society, yes indeed.  This is getting more interesting by the day. 

bigdumbnugly's picture

maybe he just really needed to go get another doughnut.

Ted K's picture

Is it just me, or does Lazaridis look like the head of police for Springfield in the Simpsons cartoons????

w a l k - a w a y's picture

an old trick and a good trick


w a l k - a w a y

smlbizman's picture

tell me he does not remind you of the sweaty character martin short use to play as a crooked business owner...only thing this guy is missing is the cigarette...

hedgeless_horseman's picture

Congressman Pete Stark really knows how to walk away from an interview...


jmc8888's picture

Reminds me of Phil, Bam's crazy uncle.

oh_bama's picture

He is doing the RIGHT THING!!



WALLST8MY8BALL's picture

He should spoon with TEPCO CEO Masataka Shimizu

InconvenientCounterParty's picture

"They" are either stupid or crazy to put Bernake in front of the press. Is Rolling Stone gonna be there? epic fail.

A cell next to Madoff sounds more appropriate.

anynonmous's picture

Laz is cool, more people should take this approach with media scum.





(junked by media scum)

cbxer55's picture

Did'nt Liesman say that recently, to Santelli? ;-)

tmosley's picture

Spalding told me RIMM is a great company.  I TRUST him.  After all, he's the one that "gave" us GLUU.  And a few dozen others.  But he never talks about the others.  I wonder why?


mogul rider's picture

Where is he these days?


I miss the comedy

tmosley's picture

Crying to himself as he searches the depths of the internet in the vain hope that something I said somewhere, once in the history of the Earth, that could somehow totally discredit me and everything I have ever said, on the paucity of a chance that taking me down would somehow elevate him.

Also, junking every comment that I make, like the jealous loser he is.

hedgeless_horseman's picture

The CEO of Sun Microsystems said that consumer privacy issues are a "red herring."


"You have zero privacy anyway," Scott McNealy told a group of reporters and analysts Monday night at an event to launch his company's new Jini technology.


"Get over it."




April 11, 2011


Blogger Maikel Nabil slapped with 3-year prison sentence; says worried about his safety


Nabil was charged with spreading false news and insulting the military institution. The false news included the use of violence by the army towards civilians and using the Egyptian Museum as a torture chamber.


“This is a clear message by the army that any civilian voicing a negative opinion about the army will be imprisoned,” Ramadan said.




You have been warned.

serotonindumptruck's picture

It is my understanding that an act of "libel" can still be prosecuted as a criminal complaint in many States and municipalities within the USA. Therefore, if the US government decides to begin quashing the First Amendment Rights of US Citizens, then there is already a judicial mechanism in place for them to do so.

Hey MachoMan, where you at dood?


CosmoJoe's picture

This guy looks like Peter Griffin

Rainman's picture

I sure hope the Fed's first press conference includes a question about Fed loans to the Housewives of Wall Street. Matt had a good time with this one.


Oh regional Indian's picture

Actually I don't blame Mr. Lizard at all. It's been quite the game here in India where RIM was THE goto company for corporate push-mail devices. The must have.

But Google/Android and Apple needed to win the smartphone wars. So RIMM has been given the RIM job here, over and over. All is not as it seems. It's a proxy corporate war as well as needing to keep some semblence of govt. snooping at bay.

I'm not a fan of any one of them, but it's been quite th emedia circus here. I guess RIMM's favoured status is up now that Android is ready.



Barneyiknow's picture

I won't argue your points regarding the issues RIMM has faced in India. However that doesn't justify his behavior as a CEO and a representative of the company and ALL of it's shareholders. If I was a RIMM shareholder or employee I would be embarrassed by his behavior. His behavior was both disrespectful and a passive aggresive. Two character traits I certainly don't admire in my employees and I certainly wouldn't want in a CEO.

RIMM, once a market leader is now way behind the curve. I certainly wouldn't want this guy leading the turnaround.

morkov's picture

i'm a passive-aggressive employee of yours.
F#ck YOU!

cossack55's picture


Any idea what he meant at the end when he began to say" ...its a National Security........?  Did I hear that right?  Whose stinking security?

Oh regional Indian's picture

You heard right Coss. India Gov. has been demanding total Echelon like intrusion into RIMM servers. Co-locate them in India and give gov. full access.

The Indian ppolice state is so far beyond gone, it's not funny. 

So, it is really a corporate war by .giv security rubbish proxy.

Again, no fan of his or RIMM as a company, but it's been a pro-android/apple move for sure here.

Quite the theater.


Antipodeus's picture

Yes, you heard right:

"... It's a 'National Security' issue ... You can't talk about that ... Turn that off ..."

Is that why the newly-elected President Obama was required to dump his 'Blackberry'?  Makes you wonder who else is listening in on peoples' conversations/communications, doesn't it?

Guess which sweaty, clearly-nervous, CLEARLY-uncomfortable person's credibility just went straight down the toilet?


RowdyRoddyPiper's picture

Too much pressure in Waterloo. Ballsilly would have jumped across the table and tore out the interviewer's heart.



anynonmous's picture

ballsy's problems is too many pucks to the head

SheepDog-One's picture

Nah Baldsilly would never do something like that and risk his toupe becoming unfastened.

Thomas's picture

To be fair, it sounded like a "have you stopped beating your wife" type question (although I could be wrong).

Leo Kolivakis's picture

Michael Lazaridis is a genius and my favorite Greek Canadian entrepreneur. I'm long RIMM in a personal way because I bought the Torch last October. I know, the iPhone people will tell me it's so much better but I support my fellow Greeks and BBM rules!!! LOL! (to be honest, I received an iPod recently and love it!).

Arius's picture

geniuses dont walk out on BBC...

Leo Kolivakis's picture

''geniuses dont walk out on BBC...''

Why not? Does the BBC have a monopoly on wisdom and credibility??? Maybe he was having a bad day. Who knows, who cares?

Ted K's picture


What you meant to say is, Lazaridis is a cocksucker for the India's Bureau of Information, but you had a hard time spitting it out 'cuz you were choking on Kalamata olive pits.

RowdyRoddyPiper's picture

Leo: So he is your favourite "Greek" Canadian...do you have a favourite "just" Canadian?  Enough of these damn hyponated people!

A story. My wife and I were at a party and spoke to another couple when the topic of nationality came up. I am 9th generation Canadian, my wife, British born, and the other couple said they were both Greek. My wife, who has visited Greece quite often, asked them where they were from. Why Toronto, they replied. They had never been to Greece but hoped to visit on their honeymoon. There parents were from Greece.

Not Canadian, where they were born but fucking Greek.

So Leo, some of us think these hyphens are a insult. 

Hicham's picture

I hope you called them out on that. Honestly, I'm sick of how half the toronto radio stations are in spanish/mandarin/portuguese/italian/ etc etc

This is Canada...speak english or french?

equity_momo's picture

More PC bullshit.

Pick a fucking team.  Flip flopping poseurs.

mogul rider's picture

Leo if you gonna invest my pension in this POS then I know your pension scheme is a scamm.


C'mon dude - they are more interested in hockey teams than running a company

SheepDog-One's picture

Damn clip wont play for me. Anyway RIMM has always been a Nasdaq scam slush fund, using stolen technology since their beeper days.

bob_dabolina's picture

what exactly the $130 billion or so in "Other Assets" on the Fed's balance sheet actually are.

Shares of SPY, IWM, and XRT

A Man without Qualities's picture

They took unused lap dance vouchers from the banks as collateral, but don't worry, they're going to use them eventually...