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Research In Motion (RIM) Co-Chief Executive Officer Jim Balsillie arrives at the annual general meeting of shareholders in Waterloo July 12, 2011.MIKE CASSESE

Research In Motion Ltd. 's co-CEOs have reduced their salaries to $1 a year because of the recent execution problems at Canada's most iconic technology company.

The announcement came as the company reported highly anticipated third-quarter earnings on Thursday that were roughly in line with its revised and relatively negative guidance, but were grim enough to send the company's stock down about 7 per cent in after-hours trading.

Technology eporters Omar El Akkad and Iain Marlow live blogged the company's earnings and conference call.

To read our earlier live coverage and discussion, click here.

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