Engadget: SEC charges, settles with RIM executives concluded backdating issue


Well, it looks like RIM's top executives weren't about to get off the hook aft just stipendiary a little fine to the Ontario Securities Commission concluded that backdated stock options issue, as the US Securities and Exchange Commission is nowadays deed on the act with no charges of its personal. In a bit of a twist, however, the SEC has simultaneously proclaimed that it has already reached a settlement with the quaternity top RIM executives in question (co-CEOs Balsillie and Lazaridis, summation Of import In operation Officer Dennis Kavelman and past frailty academic administrator of finance Angelo Loberto), United Nations agency have united to pay $1.4 million in fines and give back the more than than $800,000 they ready-made in lucre. No more than shakeups on the board, it seems, although there's lone so galore arithmetic operation you can step down from your position before you start to look silly.
Filed low-level: Cellphones
SEC charges, settles with RIM executives concluded backdating issue originally appeared on Engadget on Midweek, 18 Feb 2009 16:23:00 EST. Gratify see our terms for use of feeds.
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