RIM CEO out as chairman amid restatement
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BlackBerry maker Research In Motion Ltd.'s co-chief executive will give up the chairman's post after an internal probe identified a quarter-billion dollars in improper accounting for employee stock options at the mobile device company.
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Research In Motion Ltd.    and Samsung Electronics Co. Ltd.  have  settled a lawsuit in which RIM alleged the South Korean  electronics giant had infringed on its well-known BlackBerry  trademark with its competing BlackJack smartphone.
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TORONTO (CP) - Conrad Black has stepped aside as chairman, chief executive and a director of Hollinger Inc., a former Ontario mining company that he developed into the capstone of an international media edifice.
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Research in Motion Ltd.   on Monday said a review of stock options grants will cause it to restate its financial statements for fiscal 2004, 2005 and 2006 as well as the first quarter of 2007.
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Blogging software maker Six Apart  said on Friday Chairman and Chief Executive Barak Berkowitz was  stepping aside and would be replaced by Chris Alden, who had  run the company&#39;s professional software unit.
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Computer Associates has been without a permanent CEO since Sanjay Kumar stepped down in April. Kumar was indicted last month on charges related to accounting scandal at CA and has pleaded innocent to the charges.
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com September 22, 2004, 11:20 AM PT. Royal Philips Electronics announced on Wednesday that the chief of its semiconductor division will step down effective early next year.
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Blog: After making several appearances on Apple's behalf over the last year, the bland bluesman is now stumping for RIM's BlackBerry Curve.
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Research in Motion's chairman announced Monday he has resigned after a stock option probe found irregularities that will force the BlackBerry maker to restate its financial statements from 2004 to 2007.
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Acer&#39;s current president, JT Wang, will take over as chairman and chief executive officer, replacing Acer co-founder Stan Shih, who will retire at the end of the year.
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In a management shake-up at Marlborough drug maker Sepracor Inc. , the company said in a regulatory filing it has hired Adrian Adams as president and chief operating officer and plans to promote him to chief executive within six months. Current president William James O'Shea will get a $1 million severance package and serve as vice chairman until ...
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By Bill Husted, The Atlanta Journal-Constitution  Dec. 9--David Gould has resigned as chairman and chief executive of  Roswell-based Witness Systems after an internal investigation found some stock  options had been misdated.
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Research in Motion (nadsaq: RIMM - news - people ) will announce second-quarter results. The maker of Blackberry handheld devices is expected to report quarterly earnings of 43 cents per share on revenue of
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SAN FRANCISCO -- Yahoo Inc. (YHOO) Chairman Terry Semel stepped down as chief executive in a surprise move Monday, ending his increasingly ineffectual pursuit of online search leader Google Inc.
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(InfoWorld) - The head of BenQ Corp. retained his chairmanship but will lose his CEO titles at some companies in the BenQ Group, amid a management reshuffle announced just weeks before his insider stock trading case begins in Taiwan. K.Y. Lee, the long-standing chairman of the company and head of the BenQ Group, lost his CEO title at LCD (liquid crystal display) panel maker AU Optronics Corp., and at BenQ Corp., an official confirmed Monday. The announcement comes less than a year after BenQ racked up over US$1 billion in losses in a high-risk attempt to build a global name in the mobile phone business. The company opened BenQ Mobile GmbH & Co. OHG in October 2005 after taking on Siemens AG's mobile phone unit. But a year later, BenQ called it quits amid stiff competition and heavy losses. Since then, its management has faced blame for betting the company on what turned out to be a losing strategy. Financially, the company posted losses in every quarter after the handset unit acquisition, and its bottom line continues to bleed. The company's dwindling financials, fears that German creditors might go after the parent after the collapse of BenQ Mobile, and the sell-off of BenQ assets to shore up its balance sheet has sent its share price down nearly 29 percent so far this year to close at NT$12.45 (US$0.38) Friday on the Taiwan Stock Exchange. Just when it seemed BenQ's troubles couldn't get any worse, Taiwanese prosecutors raided BenQ Corp.'s offices and hauled away three executives for questioning over alleged insider stock trading related to when it revealed losses incurred by BenQ Mobile. That was in March, and in all, five executives have been formally charged. The current management reshuffle, and the announcement of a new name for BenQ Corp., comes just weeks before court proceedings are set to begin on the insider stock trading case at the Taoyuan District Court in Taiwan. Officials said procedural meetings are slated to begin July 12. BenQ has denied any wrongdoing on the part of its executives. The company name change is part of a broader reorganization. The BenQ Corp. name and all businesses related to its brand are being spun off, while the manufacturing operations will continue to operate under a new name, Qisda Corp. It's a common strategy in Taiwan. Companies that make products on behalf of overseas customers as well as under their own name brands separate the contract manufacturing operations from the name brand business in order to avoid any conflict of interest with customers. The reorganization is expected to be final by Sep. 1, 2007. K.Y. Lee will be chairman of Qisda, BenQ, and AU Optronics once the change is finished, but he will not hold the CEO title at any of the companies. Hsiung Hui, an executive vice president at AU Optronics, will become the new president of Qisda, while Conway Lee will become the president of BenQ. The CEO title will not be used at either company, a BenQ representative said. At AU Optronics, H.B. Chen will take over the CEO title, and L.J. Chen will take on dual roles of president and COO (Chief Operating Officer).
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Commerce Bancorp Inc.  on Friday announced the sudden departure of Chairman and Chief Executive Vernon Hill and said it had agreed with federal regulators on governance changes after coming under fire for its business dealings with insiders.
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(InfoWorld) - In the wake of Dell Inc.'s disclosure Monday that it might have to restate recent earnings statements because of discoveries made by the U.S. Securities and Exchange Commission (SEC), company founder and chairman Michael Dell has defended his embattled chief executive, Kevin Rollins. "Kevin has done an outstanding job as chief executive," Dell told a crowd at the company's annual Technology Day meeting in New York Tuesday. "We run the company together, so if you want to blame somebody, you can blame me too." Dell will delay filing its quarterly Form 10-Q to the SEC until it answers questions raised by an SEC investigation into its accounting and financial reporting practices, the company said Monday. The U.S. Attorney for the Southern District of New York has opened a separate investigation, involving documents filed from 2002 to the present. Both offices have raised the possibility of misstatements in prior period financial reports. Dell has already announced a preliminary earnings report for the second quarter, highlighted by a 51 percent drop in profit from the same period last year. Form 10-Q is the formal quarterly earnings report required of every publicly traded company. Asked whether he would heed calls from analysts and investors to resign, Rollins said he disagreed with the sentiment, then turned the podium over to his boss. "Any press speculation on that is completely useless. Feel free to speculate, but it's not going to happen," Dell said. "The CEO is chosen by the board of directors and the shareholders, and I'm the largest shareholder, so you can do the math." Dell and Rollins declined to give further details on the investigations, saying only that they were cooperating fully.