By the way, Oracle's CFO, Jeff Henley, had this to say back in October, but I haven't heard anything from him since. I suspect he got a great deal of flack from the rest of the tech industry over his statement. And I don't know whether Larry authorized his statement. The live link to the statement on Yahoo no longer works, but I posted his satement on a couple of threads at the time:
#reply-18153001
(Oracle CFO)Mr Henley says that Oracle has long accepted that options "bear an economic cost", and the company would consider expensing them voluntarily.
However, he also believes that the way the cost of options are calculated has not yet been resolved, and intends to play a full part in the debate that shapes that decision.
It is my opinion that treating stock option compensation as if it has no cost, is a business model that can potentially lead to adverse, long term consequences for many companies, including all the participants--- executives, employees and shareholders.
JMO, Huey |
