Disqus
Man, is this thing still going on? About two years ago Research in Motion executives were investigated for fishy back-dated stock options, which lead to the BlackBerry-maker getting nailed for $250 million after restating their earnings and ultimately lead now-co-CEO Jim Balsillie to step down as chairman. The Ontario Securities Commission still isn’t happy with that, and is looking for Mr. Balsillie to leave the board of directors for awhile, and fine another $100 million to the execs, setting a new record for the commission’s highest fine paid by individuals. RIM’s two co-CEOs have paid a lot because of the poor bookkeeping, and at this point it seems like beating a dead horse and/or a money grab from Canada’s most successful businessmen. C’mon, OSC, Mikey and Jim-dog have paid their dues, cut ‘em some slack.
[via Globe and Mail]
About The Author
Simon Sage
Simon Sage’s education largely surrounded writing, technology and online community, leading him to begin his blogging career at www.BlackBerryCool.com and to quickly discover a vibrant and active community surrounding BlackBerry and mobile technology. In exploring RIM’s platform, he has learned what enterprises are looking for in mobility as well as what makes the innocuous BlackBerry so appealing to them. Recently Simon’s been covering RIM’s gradual move into an already-crowded consumer market, and the impact of burgeoning challengers, such as the iPhone, as well as long-time leaders, like Nokia, on BlackBerry’s advancement. With plenty of content under his belt, Simon will be branching off a bit to see what other smartphone manufacturers are working on while still using BlackBerry as a barometer. At IntoMobile, you can count on his posts being even-handed, well-informed and thought-out.
