What's up Lizzie?
14 new posts on the cisco thread... Yeah, we are running neck and neck with the "New Economy Thread" today.
Seems to me you have 2 options....
But it turns out that those options were worthless at date of grant. <ggg>
The conversation started out with someone praising Chambers for taking a $1 salary in 2001 while the stock was declining. It turns out he was busy increasing the number of stock options he received by 50% over the previous year at that same time.
this tired issue
I don't think SI is a good barometer of the relevance or tiredness of this issue. The IASB will release their official recommendation to expense stock options on the income statements this fall. The FASB is working with the IASB towards common standards. TechNet, a California based trade association, whose 250 members include Cisco, Oracle, Intel and HP, are seriously considering various proposals which at a bare minimum, will require better disclosure than we are getting now. TechNet isn't doing this because the issue is old and tired, but rather because they are feeling under pressure to do something. A senior editor at the Motley Fool, Bill Mann, who has also testified before Congress, continues to fight this battle and is purging all AeA members, (American Electronics Association), from the popular Rule Maker portfolio at the Fool---including Cisco and Microsoft. In the last two months, 88 companies have stepped forward to expense stock options. You are welcome to characterize this as a nothing issue, but I just happen to disagree.
Best, Huey |
