This entry was posted on Thursday, February 5th, 2009 at 8:05 pm and is filed under Gadget Blog . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Remember that settlement RIM reached with the Ontario Securities Commission yesterday? Well, details of the arrangement have emerged, and Reuters is reporting that in addition to over $90 million CAD being repaid, the company’s co-CEO will be stepping down as part of the deal. Jim Balsillie will reportedly have to fork over $5 million CAD (~$4.1 million USD) and his position on the board for at least 12 months — though we’re not sure if he intends to return (or if he’ll be welcomed back).
[Via BlackBerry Cool]
Filed under: Cellphones
RIM’s co-CEO Balsillie stepping down as part of backdating settlement originally appeared on Engadget on Thu, 05 Feb 2009 18:51:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments
read user's comments (0)
