OT ... Lizzie, re "even though somebody writes a book titled "for the last time options are an expense""
Book? Heck, it was just a measly little old 9-page article.
And who do these guys Bodie, Kaplan, and Merton think they are anyway? They're just PHDs, university professors, and Nobel Prize in Economics winners. Obviously we know more than they do!
And does anybody else even agree with them? Sure, a few idiots do -- insignificant people like FRB board chairman Alan Greenspan, former FRB board chairman Paul Volcker, SEC chairman William H. Donaldson, former SEC chairman Roderick Hills, and FASB chairman Robert H. Herz. Like we said .. insignificant .. just insignificant.
And should accounting rules to mandate option expensing cause us to make a reality check, or maybe even a sanity check? You've got to be kidding. So mandatory expensing is already the rule in Canada. So the International Accounting Standards Board (IASB)(Europe) and the Financial Accounting Standards Board (FASB)(U.S.) appear on track to mandate expensing with a circa 2005 effectivity date. So what? Sooooo whaaaat?
Ouch! Hey, fellow ostrich, please keep your !$@#$@ head in your own part of this !$@#$@ sand dune. Ooouch!
Ron |
