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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.80-0.5%Dec 29 3:59 PM EST

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To: Lizzie Tudor who wrote (59605)5/28/2002 1:57:15 AM
From: hueyone  Read Replies (1) of 77400
 
Senator Lieberman on a mission to line his pockets.

When the FASB decided in 1993 that corporations should come clean and report employee stock options as an expense to shareholders in the same manner that corporations report employee stock options as an expense to the IRS, Lieberman led the fight to keep stock option expense as a stealth, off the record expense in reports to shareholders. He even proposed legislation that would have put the FASB (Financial Accounting Standards Board) out of business---simply for doing their job in an independent, non political mannner as is their charter.

Lieberman’s support of government-sanctioned phony accounting to shareholders, driven by political donations from Larry Ellison and other Silicon Valley stock options beneficiaries, has done long term damage to both our economy and our stock market. When this reporting scam perpetrated against public shareholders finally sees the light of the day and shareholders recognize the scam for what it is, Senator Lieberman will rightfully be voted out of public office.

JMHO, Huey
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