When granting stock options to its executives, RIM wouldn’t date them for the current day.
Instead, the granting date would be moved back to before a run-up in RIM’s share price.
In 1984, he earned a Bachelor of Commerce degree from Trinity College, University of Toronto.
Balsillie's authority, and were not approved by the board as the company had previously reported.Both Balsillie and Lazaridis are each expected to pay back about .25 million.Also, Dennis Kavelman is being demoted from his position as Chief Financial Officer to become the RIM’s Chief Operating Officer – Administration and Operations. despite the Black Berry maker announcing a change to its board of directors and taking a 0-million (U. Options are supposed to be granted with an exercise price equal to the company's share price, so they only become valuable in the future if the share price rises. Lascaris added his client will proceed with its lawsuit despite yesterday's announcement. regulators will continue to investigate Research in Motion Ltd. The review found instances in which "hindsight was used" to select favourable dates to grant stock options, resulting in employees getting options that were already valuable when they were granted.
The information in this post was last updated on September 10, 2008 The purpose of this blog post is to track options backdating related litigation.