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Politics : PRESIDENT GEORGE W. BUSH

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To: Lazarus_Long who wrote (194041)10/21/2001 12:21:55 PM
From: bonnuss_in_austin  Read Replies (1) of 769667
 
"Time to Look at Stock Options' Real Cost"

nytimes.com

<<snip>>

Last week, word came that Representative Michael G. Oxley, the
Ohio Republican who is chairman of the House Committee on
Financial Services, had taken a stand against true evil: the
International Accounting Standards Board. His act of bravery was
voicing his determination to keep America safe from the proper
accounting of companies' stock options.

How corporations account for the stock options they bestow,
mostly on top executives, may not appear crucial to a nation at war
against terrorism. But Mr. Oxley seems to think that America is
imperiled if its companies can no longer overstate earnings by
misrepresenting their employee costs.

______________________

This is an example of links/information regularly posted and scrutinized on the 'Clown Free Zone.'

That's why I think the thread is one of the best on SI. We're all ostensibly here in the first place because we're trying to manage our own finances.

BTW: Naturally, Mr. Oxley is a Republican. -g-

bia
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