CEO Balsillie resigns as chairman of [Blackberry maker] RIM

[tuvor]

CEO Jim Balsillie is resigning as chairman of BlackBerry maker Research In Motion as the firm reports more than $250 million US in past stock option accounting errors after an extensive review.

The Waterloo-based company said Monday that Balsillie will retain his roles as co-chief executive, with Michael Laziridis, and director.

While no deliberate wrongdoing was found, the review means that RIM will reduce the amount of its previously reported earnings up to the end of 2006 by a total of about $250 million US.

The company that makes the hugely popular BlackBerry handheld internet device is also reorganizing its board of directors and replacing the chief financial officer.

http://www.cbc.ca/money/story/2007/03/05/balsillie-resign-070305.html

[soothsayer]

1. what a silly balsillie (just wanted to say that)

[Neshanic]

2. He could "pull an Apple" and investigate himself. All done, no problems.

Those nutty acountants, its just so hard to get good help these days.

[Ian David]

3. He's resigned to spend more time texting his family. n/t

[Scooter24]

4. looks like they better step up their lawsuit efforts

to make up the cash.