you are my nemesis... geez... omnipresent
Actually I started checking out the Amazon thread after you alerted me to the fact that they were going to expense stock options. Most tech companies lack the integrity to expense stock options and are continuing to rob outside shareholders blind. The funny thing about this thread though, is folks rarely talk about Amazon, but it is mildly interesting for politics and other topics anyway.
remember when we had Tyson and Rubin on the economic side, the good old days
Personally I think the SEC, FASB the Fed and other government agencies should have been a lot tougher during the nineties, and instead of being bubble enablers, should have required better financial statements and disclosure, more arms length research from the brokerage houses and not so much loose money from the Fed. The bubble enabling economic policies of the nineties were destined to end badly and have done so.
By the way, Arthur Levitt, one of Clinton's appointments? as SEC chairman, says the one thing he regrets the most about his tenure as SEC chairman was not pushing harder to require companies to expense stock options on the income statements. He knew it was the right thing to do, but he also understood the harsh political reality of going up against the AEA and other tech lobbies, which ironically, are funded by shareholders' money. Levitt recently published a book titled "“Take On the Street: What Wall Street and Corporate America Don’t Want You to Know”. I plan to check it out.
amazon.com
JMO, Huey |
