Rim backdating

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It is unknown whether the RCMP will pursue further charges against the executives.

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That’s not necessarily illegal, unless the executives don’t inform the stockholders of the date change.

They also won’t be deterred by the supposed penalties and reimbursements.

Of the million CN the three men are supposed to pay collectively, all but a paltry million of it can be forgiven if the men forfeit some of their properly-dated options grants.

Balsillie was reappointed to the board in May 2010.

Notwithstanding RIM’s earlier public representations that the roles of Chairman and CEO were separated, the independent directors agreed, “as an appropriate and effective leadership structure”, to the appointment of Balsillie and Mike Lazaridis as Co-Chairs of the Board and Co-CEOs of the company on December 16, 2010.

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