BlackBerry's 'C' suite empties out
The struggling mobile company announces the departure of 3 top execs.
BlackBerry's new interim CEO, John Chen, is credited with the management shakeup. Both the CMO and COO had been at the company for just a short while, brought aboard by Chen's predecessor, Thorsten Heins. According to The New York Times, "the company [will] no longer have chief operating and chief marketing executives."
Motley Fool analyst Jason Moser thinks shake-ups can be an encouraging sign for investors, but in this case, the odds are against BlackBerry. As he says, "The turnarounds very rarely actually do turnaround."
Ultimately, Jason doesn't see enough reward to take on the risks of investing in BlackBerry today.
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