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Technology Stocks : Dell Technologies Inc.
DELL 138.80-2.7%3:59 PM EST
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To: stockman_scott who wrote (153059)2/5/2000 5:30:00 AM
From: arthur pritchard  Read Replies (1) of 176387
 
stockman: <accounting> thanks for posting that merc news article. I enjoyed the last part:

After Doerr, Barksdale and others testified, FASB Chairman Ed Jenkins said he ''was trying to learn and understand'' their concerns, but did not say whether he was moved by their arguments.

At one point, in an apparent conciliatory gesture to Barksdale, Jenkins said he wanted to thank Barksdale and his wife for a large donation they had made to charity. Barksdale fired back: ''Thank you Mr. Chairman, but we were beneficiaries of pooling accounting.''

Doerr was less kind. He said ''the FASB is the most powerful body in the world that reports to no one.''

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