Research In Motion (RIMM) said restating earnings to fix accounting errors tied to questionable stock option grants will wipe $250 million off past profits.The Waterloo, Ontario, maker of the BlackBerry wireless email device said CEO Jim Balsillie will step down as chairman as a result of the probe. RIM said Balsillie was responsible for authorizing stock option grants, which turned out to be backdated in 63% of cases between 2002 and 2006, the company said.
RIM Sees $250 Million Option Hit
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