5 Big Companies Ruined By Their Founders


#4 BlackBerry

Founder: Mike Lazaridis

Percent voting share: 5.7 percent (of outstanding shares)

Year founded: 1984

Mike Lazaridis co-founded BlackBerry in 1984 by the name Research In Motion (RIM). He served as co-CEO of the company, alongside Jim Balsillie, through January 2012. The company, which integrated emailing capacity into the phones, was first to lay foundation for future Smartphones.

Though started early, they now are placed at a distant 4th position, as top mobile selling company. Apple and Samsung, and now Windows Phone devices, beating the company up in the competition.

Among the largest mistakes that marked the end of Lazaridis’ tenure were the BlackBerry PlayBook tablet, a four day global service outage — which left phones unable to browse the Internet or access emails or instant messages — and a focus on business professionals even as consumer-centric products such as the iPhone absorbed market share. In the third quarter of 2012, BlackBerry’s worldwide market share of mobile device sales, by operating system, was just 5.3 percent, down from 11 percent in the third quarter of 2011 according to Gartner.

Read Also: Secret PRISM: US Govt Is Tapping Servers Of Internet Companies and LinkedIn To Open New Office In Bangalore