No." RIM's special committee of the board, which conducted a seven-month internal probe of stock option practices, said yesterday no one at the company will lose his or her job over the options problems.
Balsillie's authority, and were not approved by the board as the company had previously reported.
The admission makes RIM the first major Canadian company to get caught up in an options backdating scandal that has swept through the United States, leading to charges against some executives and forcing billions of dollars in earnings to be restated. The special committee report said all option grants, except those to the co-CEOs, were made under Mr.This meant that even if the executive exercised their option immediately, they would make money.Fallout RIM announced today that Jim Balsillie has stepped down from the role of Chairman.James Laurence (Jim) Balsillie, co-CEO of Research In Motion, business executive, chartered professional accountant, philanthropist (born 3 February 1961 in Seaforth, ON).Balsillie is best known as the former chairman and co-CEO of Research In Motion, the Waterloo, Ontario, company now known as Black Berry.