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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 239.16

+2.1%

Jan 23 9:30 AM EST

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To: GST who wrote (139275)	2/14/2002 9:50:32 AM
From: H James Morris	Read Replies (1) of 164684

So what do you think of the stock option debate? >>John McCain and three of his Senate colleagues want to take a multibillion-dollar whack out of corporate America's profit column. Microsoft would lose more than $2 billion in earnings. About $1 billion would vanish from AOL Time Warner's income statement. Walt Disney would lose almost $300 million and Starbucks $40 million. In the wake of Enron's collapse and widespread worries about the quality of financial statements, the senators introduced a bill yesterday to force companies to estimate the cost of stock options they give employees and then deduct that sum from their profits. >>Corporate executives are expected to oppose the measure strenuously, much as they did when regulators considered a similar measure in the early 1990s and 100 chief executives flew to Washington to help defeat it. uniontrib.com

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