OT .. Lizzie, re " so if the FASB doesn't require expensing in the future, are you saying you won't blame Chambers and the "tech lobby"? (somehow I doubt that) <gg>"
I blame Congress for the 1994-95 failure to mandate option expensing. After all, the failure occurred because Congress threatened the very existence of the FASB. So I suspect it would be the same this time. But I might also "blame Chambers and the tech lobby" if they use falsehoods, or half-truths, or excessive "campaign contributions" in order to influence Congress.
Have you read much about the May 8th Senate forum, "Preserving Partnership Capitalism Through Stock Options for America's Workforce", aka the Senate roundtable on stock option expensing?
Approximately 20 participants, including the 4 hosting Senators -- and they're all against option expensing except for 2 guys from the FASB, and 1 guy from the SEC. It was a thinly veiled threat to the FASB, and again to its very existence. Just listen to this (2-minute edited) audio clip of the chair Senator Enzi .. to see for yourself.
senate.gov
re " there is one company that speaks louder wrt options than Cisco, Dell, or anyone. Guess who it is"
Not me. Who?
Regards, Ron |
