Blackberry to restate £128.5m in earnings
Blackberry maker, Research In Motion, to restate £128.5m in earnings after stock option probe
reports that Jim Balsillie, co-chief executive, will step down
following the restatement. Balsillie and fellow chief executive Mike Lazaridis,
have also agreed to pay around $5m each to help cover the costs of the probe and
Research In Motion is one of the best-known of more than 200 North American
companies caught up in the options scandal. Backdating options involves
manipulating grant dates for executive options to maximise their value.