Blackberry juice
The dark
satanic rumour mill has manufactured a yarn that two RIM co-CEO's might be
fined up to $80 million by Canadian regulators for their role in a
stock option-granting controversy.
The Ontario Securities Commission
is locked in discussions with lawyers representing RIM's
co-executives officers, Jim Balsillie and Mike Lazaridis over the fine.
In
March 2007 Balsillie surrendered the chairman's post as the Blackberry
maker announced it needed to cut roughly US$250 million from past earnings
reports due to improper accounting for backdated stock options.
Balsillie
and Lazaridis have each paid RIM up to $6 million to pay for costs from the
options investigation and restatements.
