xwife dating com - Rim backdating scandal

were charged in Canada, and two of those three–co-CEO Jim Balsillie and COO Dennis Kavelman–will be barred from serving on the board of a public issuer for one year and five years respectively.Those slaps on the wrist won’t do much to deter Balsillie and Lazardis, both of whom estimates are worth over billion USD each.The goal of “backdating” schemes like this one are usually to alter the date of an options grant to a time when the underlying asset (the company stock) is priced lower–usually to a date that precedes a price jump, so the option becomes “spring loaded.” That way, once the executive exercises the option, it’s worth more relative to its original price.

rim backdating scandal-39

"Backdating options is not illegal," he said in a statement.

In a statement last June, Alexander said that backdating stock options was a common practice carried out by more than 2000 U.

I still think Palm's going to fight that off, but as a thorough reading of this post would surely reveal, I am not a financial analyst.

Shares of Research in Motion (RIMM), maker of the popular Blackberry line of smart phones have fallen to $44 per share and the latest news is that the SEC has reached a settlement with RIM executives over an options backdating scandal.

The Blackberry is probably Microsoft's main competitor in the smartphone space -- but when it comes to corporate size doesn't hold a candle to MS (really, does anybody? So when the stock option backdating brouhaha that's been sweeping the nation (er, , as RIM's based in Canada) hit RIM, analysts expected it would cause some headaches. I guess the scandal that hits everybody is the scandal that doesn't destroy anybody.

Anyhow, the chairman is stepping down (but still the CEO) and RIM changed their report on the financial hit to what analysts were originally expecting (up from where it was before).

At the same time, he and other executives of the company will repay more than C million to the settle stock-option allegations dated 1996.

The agreement with Ontario Securities Commission, which was approved on Thursday, states that Balsillie will have to pay C million (.1 million) in penalties, while Co-Chief Executive Mike Lazaridis will pay penalties of C

Anyhow, the chairman is stepping down (but still the CEO) and RIM changed their report on the financial hit to what analysts were originally expecting (up from where it was before).At the same time, he and other executives of the company will repay more than C$90 million to the settle stock-option allegations dated 1996.The agreement with Ontario Securities Commission, which was approved on Thursday, states that Balsillie will have to pay C$5 million ($4.1 million) in penalties, while Co-Chief Executive Mike Lazaridis will pay penalties of C$1.5 million.“Absolutely, we take full responsibility,” he said, adding that, “We’re 100 percent focused on work and moving forward.” According to the settlement, the two co-CEOs along with RIM’s former CFO, Dennis Kavelman, will have to repay the Black Berry maker C$38.3 million.At the same time, they will also repay approximately C$30 million, which includes the costs for the voluntary internal probe RIM has undertaken into the matter earlier.The Ontario Securities Commission has reached a decision for a possible settlement with RIM in what concerns the company's backdating scandal.

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Anyhow, the chairman is stepping down (but still the CEO) and RIM changed their report on the financial hit to what analysts were originally expecting (up from where it was before).

At the same time, he and other executives of the company will repay more than C$90 million to the settle stock-option allegations dated 1996.

The agreement with Ontario Securities Commission, which was approved on Thursday, states that Balsillie will have to pay C$5 million ($4.1 million) in penalties, while Co-Chief Executive Mike Lazaridis will pay penalties of C$1.5 million.

“Absolutely, we take full responsibility,” he said, adding that, “We’re 100 percent focused on work and moving forward.” According to the settlement, the two co-CEOs along with RIM’s former CFO, Dennis Kavelman, will have to repay the Black Berry maker C$38.3 million.

At the same time, they will also repay approximately C$30 million, which includes the costs for the voluntary internal probe RIM has undertaken into the matter earlier.

The Ontario Securities Commission has reached a decision for a possible settlement with RIM in what concerns the company's backdating scandal.

||

Anyhow, the chairman is stepping down (but still the CEO) and RIM changed their report on the financial hit to what analysts were originally expecting (up from where it was before).

At the same time, he and other executives of the company will repay more than C$90 million to the settle stock-option allegations dated 1996.

The agreement with Ontario Securities Commission, which was approved on Thursday, states that Balsillie will have to pay C$5 million ($4.1 million) in penalties, while Co-Chief Executive Mike Lazaridis will pay penalties of C$1.5 million.

“Absolutely, we take full responsibility,” he said, adding that, “We’re 100 percent focused on work and moving forward.” According to the settlement, the two co-CEOs along with RIM’s former CFO, Dennis Kavelman, will have to repay the Black Berry maker C$38.3 million.

.5 million.

“Absolutely, we take full responsibility,” he said, adding that, “We’re 100 percent focused on work and moving forward.” According to the settlement, the two co-CEOs along with RIM’s former CFO, Dennis Kavelman, will have to repay the Black Berry maker C.3 million.

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