Company behind Grand Theft Auto agrees to pay a $3 million penalty fee to settle its case with the Securities and Exchange Commission, the agency announces.
Kent Roberts is the first executive to be acquitted on stock options backdating-related charges.
How did backdating stock options become such a pervasive problem? Are business schools teaching ethics? Richard Schmalensee, dean of MIT's Sloan School of Management, recently spoke with CNET News.com's Jim Kerstetter about today's business problems and innovation in Silicon Valley.
Tobak's take on Steve Jobs' role in the stock options backdating scandal at Apple
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Co-CEOs Jim Balsillie and Mike Lazardis, along with two other RIM executives, will have to pay the SEC fines for their stock-option backdating practices.
Canada's securities commission approves settlement, but BlackBerry maker also has made settlement offers to U.S. Securities and Exchange Commission.
Canada's Ontario Securities Commission had reportedly been considering a C$100 million fine for RIM's co-CEOs, but a settlement agreement has been reached.
The former VP and Apple board member exercised his Apple stock options to buy 59,000 shares of the company for just $7.475 apiece.