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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Skeeter Bug who wrote (16351)8/1/2002 6:10:48 AM
From: Boca_PETE  Read Replies (1) of 42834
 
SkeeterBug: On CNBS yesterday, I saw Jeffrey Imult discussing why GE decided to report stock option grant expense. Basically he told Sue Hererra that it was because he felt that was what people wanted to see, not because it portrayed the reality of stock option cash flows. He also said GE intended to keep granting stock options because "THEY WERE NON-CASH".

Sad to see such a high profile company like GE cave in to the politically correct. Hay if he thought the public wanted to see companies capitalize operating expense to show more profit like WorldCon did, it sounds like he'd do it. Sure doesn't raise my confidence in GE as a company and Imult as its' CEO.

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