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Jaguar Financial Corp. CEO Vic Alboini told Bloomberg on Tuesday that RIM should also create a committee of four or five independent directors to look into those options. Alboini declined to say how big a stake Jaguar has in RIM, but said the proposal is backed by large shareholders who collectively own less than 5% of RIM.
This isn't the first time a RIM investor has attempted to take a more active role. In June, billionaire Stephen Jarislowsky called on RIM to split the roles of chairman and CEO. RIM currently has two co-CEOs -- Jim Balsillie and Mike Lazaridis. Both are also co-chairmen. Jarislowsky's call has so far been unheeded.
The proposal is the latest challenge to RIM, whose stock has fallen about 35% in the past year. RIM's share of the smartphone market fell from 25.7% to 21.7% from April to July as consumers flocked to smartphones based on Apple's iOS and Google's Android platforms at RIM's expense.