With stock option grants by many public companies sitting under the microscope of authorities these days, count
RIM inside that select group. The company who made thumb-able email popular and
en vogue has another fan looking into the culpability of stock-based accounting practices: the U.S. Attorney's office. RIM has "had contact with the office of the United States Attorney for the Southern District of New York upon learning that the U.S. Attorney's office is reviewing the company's stock option grants," based on company statements. Add this to the SEC's official investigation revealed just recently and RIM's more under the microscope than a high-school biology experiment. So far, company co-founder
Jim Balsillie has stepped down from the company's board of directors but is retaining his co-CEO title at this time.
Reader Comments (Page 1 of 1)
KC @ May 8th 2007 12:04PM
All RIM has to do is make them an offer they can't refuse - free upgrades to the latest and greatest berries of they look the other way, or if they continue, take their berries away.
80% of the US government is crack-berry addicted, and so they will comply in order to get the latest fix and not lose the love of their dealer.