John Paczkowski

Recent Posts by John Paczkowski

Backdating Settlement in Motion

Earlier this week Research in Motion revealed that “certain of its officers and directors” had reached a settlement with the Ontario Securities Commission over backdating stock options. Now we know who those certain officers and directors are: Co-Chief Executives Jim Balsillie and Mike Lazaridis, Chief Financial Officer Dennis Kavelman, and Finance Director Angelo Loberto. Together the four will pay more than $74.5 million to settle an options-backdating case under an agreement that also requires Balsillie to step down from the BlackBerry maker’s board for at least a year. “We are very pleased to put this behind us and get back to work,” Balsillie said after the hearing. “We’ve made mistakes and we’ve done absolutely everything we think appropriate to get our governance practices where they are for the type of company we are.”

RIM (RIMM) has also made an offer of settlement to the U.S. Securities and Exchange Commission, which is conducting its own investigation of the company’s stock option granting practices. No word yet on the SEC’s reply.


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December 30, 2013 at 6:49 am PT

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December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work