7 major management shakeups of 2012

In 2012, companies have continued to search for the right fearless leaders to guide them through the still-turbulent recovery. Here are some of the biggest management shakeups for the year.

Jim Balsillie and Mike Lazaridis
jim balsillie mike lazaridis
Company: Research in Motion

The BlackBerry-maker has been long accused of being slow to realize the severity of its problems. It finally decided that the strategy under its co-CEOs wasn't working. So this January, it replaced Mike Lazaridis and Jim Balsillie with then-COO Thorsten Heins. After taking the job, Heins announced that RIM (RIMM) needed to seriously alter its marketing strategy in the United States. Before the fall of RIM, the working world loved the BlackBerry. But as more companies encourage people to bring their own smart devices to work, staffers have kicked the "Crackberry" habit in lieu of more addictive iPhone and Android phones.

Source: Corbis
  @FortuneMagazine - Last updated November 20 2012 11:08 AM ET
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