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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Les H who wrote (218263)	2/5/2003 4:34:40 PM
From: Les H	Read Replies (1) of 436258

FASB Considers Revised Stock Option Rules, Releases FAS 148 The FASB first proposed that companies should automatically count the options as income in the mid-1990s, but a group of businesspeople and elected officials -- including U.S. Sen. Joseph I. Lieberman, D-Conn. -- opposed the plan. Lieberman, in an interview last year with the Connecticut Post, said that kind of accounting would hurt developing companies, particularly technology businesses, that depend upon options to attract high quality employees. In a compromise, the FASB published Statement No. 123, which gave companies the choice of either counting the options in the income statement or including them in footnotes within the annual report. Most companies opted for the latter choice, said Thompson. "Unfortunately, many mutual fund managers apparently don't look at the financial section of the annual report," she said. more at the link... hr.pro2net.com

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