Fox News: RIM Executives in Hot Water With SEC

[riky]

RIM Executives in Hot Water With SEC
     

The SEC alleges that RIM (RIMM), its Co-Chief Executive Officers James Balsillie and Mike Lazaridi, its former Chief Financial Officer Dennis Kavelman and former Vice President of Financial Angelo Loberto “illegally granted undisclosed, in-the-money options to RIM executives and employees by backdating millions of stock options over an eight-year period from 1998 through 2006,” it said in a press release.
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