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ID: 26951
Title: RIM CEO out as chairman amid restatement (AP)
Description:

A Research In Motion employee rides his bicycle through the cold weather, while arriving for work on Monday, March 5, 2007 in Waterloo. BlackBerry maker Research In Motion Ltd. said Monday that co-CEO Jim Balsillie will surrender the chairman's post as the mobile device maker disclosed it needs to cut roughly $250 million from past earnings reports due to improper accounting for backdated stock options.(AP Photo/CP, Nathan Denette)AP - BlackBerry maker Research In Motion Ltd.'s co-chief executive will give up the chairman's post after an internal probe identified a quarter-billion dollars in improper accounting for employee stock options at the mobile device company.


Category: Business/Company Earnings/
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Date Added: March 05, 2007 11:33:13 PM
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