Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.82

+1.5%

Dec 19 9:30 AM EST

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To: ptanner who wrote (165338)	5/23/2002 12:20:47 AM
From: BelowTheCrowd	Read Replies (1) of 186894

To a degree, it was self serving, in that Intel would like to be able to continue its current compensation program, which allows it to "hide" a large chunk of the overall compensation expense to most of its employees. Personally I think it's probably a good step in the right direction. However, when it comes to accounting I'm still somewhat a purist. If it looks like an expense and smells like an expense, it should be reported to shareholders as an expense, not just in a footnote. I see no reason that companies that pay their employees with options should receive a tax break as compared to companies that pay their employees by other means. Personally, I think the tax code should be changed to encourage long-term share holding by employees, perhaps by elminating capital gains taxes on shares held for a long period, say five years or more. That would give employees an incentive to be tied to company stock (for example through an ESOP program), without compromising the company's accounting. mg

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