Comments on: (Hopefully) RIM’s final status update

By: This Hour Has 22 Minutes parodies RIM | BlackBerry Cool

This Hour Has 22 Minutes parodies RIM | BlackBerry Cool — Fri, 01 Feb 2008 13:01:28 +0000

[...] 22 Minutes did a hilarious send up of the financial error RIM made back in March of last year. Some erroneous stock options were granted causing RIM to restate results all the way from 2004 onwards to correct everything. [...]

By: BlackBerryCool » Weekly Contest: Stock in the future

BlackBerryCool » Weekly Contest: Stock in the future — Fri, 09 Mar 2007 15:16:30 +0000

[...] What a week for RIM. We’ll be covering all of the big news of the past two weeks in our podcast (and have you checked out our newsletter yet?), but paying attention to the news could have you walking away with a prize this week. RIM’s practices of stock option granting came to a head on Monday when the company noted that there would be a $250 million dollar reduction in numbers originally posted. In turn, co-CEO Jim Balsillie stepped down as Chairman, he and partner Mike Lazaridis are forking out dough to make things better, and the company seems weaker than it ever has (but nothing to be overly worried about). [...]

By: BlackBerryCool » RIM’s faux-pas could cost RIM employees some coin

BlackBerryCool » RIM’s faux-pas could cost RIM employees some coin — Wed, 07 Mar 2007 05:35:01 +0000

[...] And that big ball of dung that started rolling on Monday continues with more bad news for RIM and it’s employees. Apparently because of RIM’s stock granting snafu, their employees might take a huge tax hit – never good news. The Globe and Mail reports that 321 option grants issued between 2002-2006 were done so with “incorrect measurement dates”, putting 4.6 millions shares into the employees’ hands. These only account for 63% of options granted in those years. Accounting and compensation experts said Tuesday the admission means many employees could be required to refile income tax statements and take a hit for any gains they’ve received from those options over the years. The tax bills could include not only the extra benefits employees received, but also penalties and interest on the money. [...]