RIM Executives to Pay US$75M in Backdating Case
Thu, Feb 5th, 2009 |
RIM and several of its top executives have settled with Canada's Ontario Securities Commission over charges that the company improperly backdated stock options.
Four executives, including RIM's co-CEOs and chief operating officer, will pay fines totalling about US$75 million, the company said. That includes compensation to RIM for benefits from incorrectly priced options for all employees who got them, as well as the costs of investigations by both RIM and the OSC.
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