Wednesday October 05, 2011

RIM Execs Don't Want to Buy Company Stock

You know things are bad when the CEO of a company hasn't bought shares in over a year. Wow, talk about a vote of no confidence in your own company. frown

Executives at Research In Motion Ltd. (RIM) have refrained from buying the company’s shares for the longest period in at least six years. Now investors are wondering if the mobile-device maker famous for its ubiquitous BlackBerry phones is skittish about its own prospects. RIM insiders haven’t reported buying shares on the open market since July 2010 as its stock fell more than 60 percent, according to data compiled by Bloomberg.