Investors Press RIM to Reform Board
RIM–the Canadian manufacturer of BlackBerry smartphones and PlayBook tablets, are facing fresh stress from activist shareholders who are worried about the company’s recent performance and plunging share price before the company announcing its second-quarter results.
The companies is currently being pushed by activist investors to have its co-chiefs with as many as five of its independent board members changed.
Lloyds in Sell-off Peace Offer
In a last-ditch peace offering to the Independent Commission on Banking, Lloyds Banking Group is willing to sell up to a third more current accounts than it actually needs to.
According to people that is familiar to the situation, it is said the bank has set up plans to start offering current accounts through its Cheltenham & Gloucester brand along with 632 branches and a 4.6% share of UK current accounts.
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