SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Intel Corporation (INTC)
INTC 36.82+1.5%Dec 19 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lizzie Tudor who wrote (174677)5/21/2003 1:53:50 PM
From: hueyone  Read Replies (1) of 186894
 
Arthur Levitt specifically noted that the support to continue with the funny accounting last time (1994) was all about campaign contributions from business leaders in favor of keeping their stock option gravy trains running. And again this time we are reading about round table discussions with Senators attended by Craig Barrett, John Doerr and other SV hotshots for the express purpose of lobbying to continue with the funny accounting, but I haven't seen a single article about any round table discussions with Senators and union leaders or pension funds for the express purpose of lobbying for expensing of options. Let's face it; the biggest winners from the current non accounting have been venture capitalists, and CEOs who have seen their pay increase from 40 times to 500 times that of the average worker over the last 20 years regardless of their performance. Both of these groups have plenty of money to fight this battle, and they aren't shy about spending it-- as well as (ironically) shareholder money.

Arthur Levitt's Quote There was no question in my mind that campaign contributions played the determinative role in that Senate activity--- (that is voting to stop the FASB from expensing stock options in 1994). This isn't "spin"; this is reality.

pbs.org

Regards, Huey
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News