Research in motion stock option backdating


25-May-2020 23:52

SAN FRANCISCO (Market Watch) -- Among the companies whose shares are expected to see active trade in Monday's session are Verizon Communications, Research in Motion Ltd. Meanwhile, on Friday the company said it was "encouraged" by a new executive order signed by California's governor streamlining the state's approval process for building high-speed networks. said its stock-option grant review is ongoing, and that the Securities and Exchange Commission had made an informal inquiry requesting information on the company's option grants and practices. In addition, the company set adjusted per-share earnings target of

SAN FRANCISCO (Market Watch) -- Among the companies whose shares are expected to see active trade in Monday's session are Verizon Communications, Research in Motion Ltd. Meanwhile, on Friday the company said it was "encouraged" by a new executive order signed by California's governor streamlining the state's approval process for building high-speed networks. said its stock-option grant review is ongoing, and that the Securities and Exchange Commission had made an informal inquiry requesting information on the company's option grants and practices. In addition, the company set adjusted per-share earnings target of $1.18 to $1.42 excluding items. The company also said Winston Hickman will remain as chief financial officer until mid November, or for as long as necessary to ensure a smooth transition. The Philadelphia-based consumer products company posted revenue of $173.8 million vs. The company said that it does not believe there has been any inappropriate conduct and does not expect any restatement of its financial results. said it has agreed to sell six of its community newspapers to Community Newspaper Holdings Inc. said Troy Mc Guire will become vice president of news and programming at the Seattle-based communications company, effective Jan. The company operates 19 television stations and 27 radio stations in the Pacific Northwest. is expected to post third-quarter income of 66 cents per share. said it now sees per-share net income in the range of 90 cents to $1.14. Supreme Court said Friday it will look at whether patent infringement damages apply to overseas product sales, in a case that centers on AT&T Inc.'s reported second-quarter net earnings of $11.7 million, or $1.08 a share, up 27% from $9.24 million, or 84 cents a share, during the year-ago period. said two shareholder derivative complaints alleging stock option backdating have been filed against the company. But the question is, what did the executives get and what is the harm to shareholders?One University of Michigan study reported in the New York Times on September 6, 2006, estimates that the average executive’s pay was sweetened by about 1.25% or about $600,000 per year.

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SAN FRANCISCO (Market Watch) -- Among the companies whose shares are expected to see active trade in Monday's session are Verizon Communications, Research in Motion Ltd. Meanwhile, on Friday the company said it was "encouraged" by a new executive order signed by California's governor streamlining the state's approval process for building high-speed networks. said its stock-option grant review is ongoing, and that the Securities and Exchange Commission had made an informal inquiry requesting information on the company's option grants and practices. In addition, the company set adjusted per-share earnings target of $1.18 to $1.42 excluding items. The company also said Winston Hickman will remain as chief financial officer until mid November, or for as long as necessary to ensure a smooth transition. The Philadelphia-based consumer products company posted revenue of $173.8 million vs. The company said that it does not believe there has been any inappropriate conduct and does not expect any restatement of its financial results. said it has agreed to sell six of its community newspapers to Community Newspaper Holdings Inc. said Troy Mc Guire will become vice president of news and programming at the Seattle-based communications company, effective Jan. The company operates 19 television stations and 27 radio stations in the Pacific Northwest.

is expected to post third-quarter income of 66 cents per share. said it now sees per-share net income in the range of 90 cents to $1.14. Supreme Court said Friday it will look at whether patent infringement damages apply to overseas product sales, in a case that centers on AT&T Inc.'s reported second-quarter net earnings of $11.7 million, or $1.08 a share, up 27% from $9.24 million, or 84 cents a share, during the year-ago period. said two shareholder derivative complaints alleging stock option backdating have been filed against the company.

But the question is, what did the executives get and what is the harm to shareholders?

One University of Michigan study reported in the New York Times on September 6, 2006, estimates that the average executive’s pay was sweetened by about 1.25% or about $600,000 per year.

RIM disclosed that it had begun an investigation into its handling of stock options.

.18 to

SAN FRANCISCO (Market Watch) -- Among the companies whose shares are expected to see active trade in Monday's session are Verizon Communications, Research in Motion Ltd. Meanwhile, on Friday the company said it was "encouraged" by a new executive order signed by California's governor streamlining the state's approval process for building high-speed networks. said its stock-option grant review is ongoing, and that the Securities and Exchange Commission had made an informal inquiry requesting information on the company's option grants and practices. In addition, the company set adjusted per-share earnings target of $1.18 to $1.42 excluding items. The company also said Winston Hickman will remain as chief financial officer until mid November, or for as long as necessary to ensure a smooth transition. The Philadelphia-based consumer products company posted revenue of $173.8 million vs. The company said that it does not believe there has been any inappropriate conduct and does not expect any restatement of its financial results. said it has agreed to sell six of its community newspapers to Community Newspaper Holdings Inc. said Troy Mc Guire will become vice president of news and programming at the Seattle-based communications company, effective Jan. The company operates 19 television stations and 27 radio stations in the Pacific Northwest. is expected to post third-quarter income of 66 cents per share. said it now sees per-share net income in the range of 90 cents to $1.14. Supreme Court said Friday it will look at whether patent infringement damages apply to overseas product sales, in a case that centers on AT&T Inc.'s reported second-quarter net earnings of $11.7 million, or $1.08 a share, up 27% from $9.24 million, or 84 cents a share, during the year-ago period. said two shareholder derivative complaints alleging stock option backdating have been filed against the company. But the question is, what did the executives get and what is the harm to shareholders?One University of Michigan study reported in the New York Times on September 6, 2006, estimates that the average executive’s pay was sweetened by about 1.25% or about $600,000 per year.

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SAN FRANCISCO (Market Watch) -- Among the companies whose shares are expected to see active trade in Monday's session are Verizon Communications, Research in Motion Ltd. Meanwhile, on Friday the company said it was "encouraged" by a new executive order signed by California's governor streamlining the state's approval process for building high-speed networks. said its stock-option grant review is ongoing, and that the Securities and Exchange Commission had made an informal inquiry requesting information on the company's option grants and practices. In addition, the company set adjusted per-share earnings target of $1.18 to $1.42 excluding items. The company also said Winston Hickman will remain as chief financial officer until mid November, or for as long as necessary to ensure a smooth transition. The Philadelphia-based consumer products company posted revenue of $173.8 million vs. The company said that it does not believe there has been any inappropriate conduct and does not expect any restatement of its financial results. said it has agreed to sell six of its community newspapers to Community Newspaper Holdings Inc. said Troy Mc Guire will become vice president of news and programming at the Seattle-based communications company, effective Jan. The company operates 19 television stations and 27 radio stations in the Pacific Northwest.

is expected to post third-quarter income of 66 cents per share. said it now sees per-share net income in the range of 90 cents to $1.14. Supreme Court said Friday it will look at whether patent infringement damages apply to overseas product sales, in a case that centers on AT&T Inc.'s reported second-quarter net earnings of $11.7 million, or $1.08 a share, up 27% from $9.24 million, or 84 cents a share, during the year-ago period. said two shareholder derivative complaints alleging stock option backdating have been filed against the company.

But the question is, what did the executives get and what is the harm to shareholders?

One University of Michigan study reported in the New York Times on September 6, 2006, estimates that the average executive’s pay was sweetened by about 1.25% or about $600,000 per year.

RIM disclosed that it had begun an investigation into its handling of stock options.

.42 excluding items. The company also said Winston Hickman will remain as chief financial officer until mid November, or for as long as necessary to ensure a smooth transition. The Philadelphia-based consumer products company posted revenue of 3.8 million vs. The company said that it does not believe there has been any inappropriate conduct and does not expect any restatement of its financial results. said it has agreed to sell six of its community newspapers to Community Newspaper Holdings Inc. said Troy Mc Guire will become vice president of news and programming at the Seattle-based communications company, effective Jan. The company operates 19 television stations and 27 radio stations in the Pacific Northwest.

is expected to post third-quarter income of 66 cents per share. said it now sees per-share net income in the range of 90 cents to

SAN FRANCISCO (Market Watch) -- Among the companies whose shares are expected to see active trade in Monday's session are Verizon Communications, Research in Motion Ltd. Meanwhile, on Friday the company said it was "encouraged" by a new executive order signed by California's governor streamlining the state's approval process for building high-speed networks. said its stock-option grant review is ongoing, and that the Securities and Exchange Commission had made an informal inquiry requesting information on the company's option grants and practices. In addition, the company set adjusted per-share earnings target of $1.18 to $1.42 excluding items. The company also said Winston Hickman will remain as chief financial officer until mid November, or for as long as necessary to ensure a smooth transition. The Philadelphia-based consumer products company posted revenue of $173.8 million vs. The company said that it does not believe there has been any inappropriate conduct and does not expect any restatement of its financial results. said it has agreed to sell six of its community newspapers to Community Newspaper Holdings Inc. said Troy Mc Guire will become vice president of news and programming at the Seattle-based communications company, effective Jan. The company operates 19 television stations and 27 radio stations in the Pacific Northwest. is expected to post third-quarter income of 66 cents per share. said it now sees per-share net income in the range of 90 cents to $1.14. Supreme Court said Friday it will look at whether patent infringement damages apply to overseas product sales, in a case that centers on AT&T Inc.'s reported second-quarter net earnings of $11.7 million, or $1.08 a share, up 27% from $9.24 million, or 84 cents a share, during the year-ago period. said two shareholder derivative complaints alleging stock option backdating have been filed against the company. But the question is, what did the executives get and what is the harm to shareholders?One University of Michigan study reported in the New York Times on September 6, 2006, estimates that the average executive’s pay was sweetened by about 1.25% or about $600,000 per year.

||

SAN FRANCISCO (Market Watch) -- Among the companies whose shares are expected to see active trade in Monday's session are Verizon Communications, Research in Motion Ltd. Meanwhile, on Friday the company said it was "encouraged" by a new executive order signed by California's governor streamlining the state's approval process for building high-speed networks. said its stock-option grant review is ongoing, and that the Securities and Exchange Commission had made an informal inquiry requesting information on the company's option grants and practices. In addition, the company set adjusted per-share earnings target of $1.18 to $1.42 excluding items. The company also said Winston Hickman will remain as chief financial officer until mid November, or for as long as necessary to ensure a smooth transition. The Philadelphia-based consumer products company posted revenue of $173.8 million vs. The company said that it does not believe there has been any inappropriate conduct and does not expect any restatement of its financial results. said it has agreed to sell six of its community newspapers to Community Newspaper Holdings Inc. said Troy Mc Guire will become vice president of news and programming at the Seattle-based communications company, effective Jan. The company operates 19 television stations and 27 radio stations in the Pacific Northwest.

is expected to post third-quarter income of 66 cents per share. said it now sees per-share net income in the range of 90 cents to $1.14. Supreme Court said Friday it will look at whether patent infringement damages apply to overseas product sales, in a case that centers on AT&T Inc.'s reported second-quarter net earnings of $11.7 million, or $1.08 a share, up 27% from $9.24 million, or 84 cents a share, during the year-ago period. said two shareholder derivative complaints alleging stock option backdating have been filed against the company.

But the question is, what did the executives get and what is the harm to shareholders?

One University of Michigan study reported in the New York Times on September 6, 2006, estimates that the average executive’s pay was sweetened by about 1.25% or about $600,000 per year.

RIM disclosed that it had begun an investigation into its handling of stock options.

.14. Supreme Court said Friday it will look at whether patent infringement damages apply to overseas product sales, in a case that centers on AT&T Inc.'s reported second-quarter net earnings of .7 million, or

SAN FRANCISCO (Market Watch) -- Among the companies whose shares are expected to see active trade in Monday's session are Verizon Communications, Research in Motion Ltd. Meanwhile, on Friday the company said it was "encouraged" by a new executive order signed by California's governor streamlining the state's approval process for building high-speed networks. said its stock-option grant review is ongoing, and that the Securities and Exchange Commission had made an informal inquiry requesting information on the company's option grants and practices. In addition, the company set adjusted per-share earnings target of $1.18 to $1.42 excluding items. The company also said Winston Hickman will remain as chief financial officer until mid November, or for as long as necessary to ensure a smooth transition. The Philadelphia-based consumer products company posted revenue of $173.8 million vs. The company said that it does not believe there has been any inappropriate conduct and does not expect any restatement of its financial results. said it has agreed to sell six of its community newspapers to Community Newspaper Holdings Inc. said Troy Mc Guire will become vice president of news and programming at the Seattle-based communications company, effective Jan. The company operates 19 television stations and 27 radio stations in the Pacific Northwest. is expected to post third-quarter income of 66 cents per share. said it now sees per-share net income in the range of 90 cents to $1.14. Supreme Court said Friday it will look at whether patent infringement damages apply to overseas product sales, in a case that centers on AT&T Inc.'s reported second-quarter net earnings of $11.7 million, or $1.08 a share, up 27% from $9.24 million, or 84 cents a share, during the year-ago period. said two shareholder derivative complaints alleging stock option backdating have been filed against the company. But the question is, what did the executives get and what is the harm to shareholders?One University of Michigan study reported in the New York Times on September 6, 2006, estimates that the average executive’s pay was sweetened by about 1.25% or about $600,000 per year.

||

SAN FRANCISCO (Market Watch) -- Among the companies whose shares are expected to see active trade in Monday's session are Verizon Communications, Research in Motion Ltd. Meanwhile, on Friday the company said it was "encouraged" by a new executive order signed by California's governor streamlining the state's approval process for building high-speed networks. said its stock-option grant review is ongoing, and that the Securities and Exchange Commission had made an informal inquiry requesting information on the company's option grants and practices. In addition, the company set adjusted per-share earnings target of $1.18 to $1.42 excluding items. The company also said Winston Hickman will remain as chief financial officer until mid November, or for as long as necessary to ensure a smooth transition. The Philadelphia-based consumer products company posted revenue of $173.8 million vs. The company said that it does not believe there has been any inappropriate conduct and does not expect any restatement of its financial results. said it has agreed to sell six of its community newspapers to Community Newspaper Holdings Inc. said Troy Mc Guire will become vice president of news and programming at the Seattle-based communications company, effective Jan. The company operates 19 television stations and 27 radio stations in the Pacific Northwest.

is expected to post third-quarter income of 66 cents per share. said it now sees per-share net income in the range of 90 cents to $1.14. Supreme Court said Friday it will look at whether patent infringement damages apply to overseas product sales, in a case that centers on AT&T Inc.'s reported second-quarter net earnings of $11.7 million, or $1.08 a share, up 27% from $9.24 million, or 84 cents a share, during the year-ago period. said two shareholder derivative complaints alleging stock option backdating have been filed against the company.

But the question is, what did the executives get and what is the harm to shareholders?

One University of Michigan study reported in the New York Times on September 6, 2006, estimates that the average executive’s pay was sweetened by about 1.25% or about $600,000 per year.

RIM disclosed that it had begun an investigation into its handling of stock options.

.08 a share, up 27% from .24 million, or 84 cents a share, during the year-ago period. said two shareholder derivative complaints alleging stock option backdating have been filed against the company.

But the question is, what did the executives get and what is the harm to shareholders?

One University of Michigan study reported in the New York Times on September 6, 2006, estimates that the average executive’s pay was sweetened by about 1.25% or about 0,000 per year.

RIM disclosed that it had begun an investigation into its handling of stock options.

Critics argue that this practice misaligns the interest of shareholders and the executive because options are suppose to be an incentive to improve the stock price in the future, not give an instant profit. Backdating options, however, may not necessarily give any executive an “instant profit.” Most options are not immediately exercisable.

This practice contravened both the TSX Rules as well as RIM's stock option plan that required options "to be granted at an exercise price not less than the closing price of RIM's common shares on the TSX on the last trading day preceding the date on which the Options are approved for grant".