RIM chairman resigns

But Balsillie will remain co-CEO and director
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|hrreporter.com|Last Updated: 03/19/2007

A $250-million US accounting error has resulted in the resignation of Research In Motion's chairman.

Jim Balsillie, who is also the company's co-CEO, announced he would resign as chairman after a review found the company had reported more than $250 million US in stock option accounting errors.

Balsillie will retain his roles as co-CEO and director of the Waterloo, Ont.-based maker of the BlackBerry.