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Politics : Ask Michael Burke

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To: Bilow who wrote (83023)	8/16/2000 10:15:33 PM
From: sjemmeri	Read Replies (1) of 132070

>A more realistic example would be the startup that pays everybody only in options. Such a system means that the company has zero compensation costs, under the current SEC regulations for computing earnings. To me, this is the best example for proving Don's point. If the company compensates every employee with options and if revenues exactly equal all cash expenses, is this company losing money? steve

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