Disqus
Last week, Ontario regulators started pushing on BlackBerry manufacturer Research in Motion for more fines resulting from a stock option issue a few years ago. Previous reports pinned the number at $100 million from RIM’s top executives, but the final settlement reached today remains undisclosed. During the first go-round, the back-dated stock options cost the two CEOs $250 million in penalties. Co-CEO Jim Balsillie stepped down as RIM’s chairman, and yet here we are, three years later, and he’s still paying for it. Man, you can’t underestimate good bookeeping…
[via Reuters]
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.
