Something this entire board should read and think long and hard about. I knew not reporting options as an expense was a salary expense disaster waiting to happen, but I had no idea that the problem was this big:
forbes.com
type: (Stock options are not a free lunch ) into the search box
Guess who came in the top 10 of US co's running the option/salary scam?
Here's one of my favorite parts:
"These are big-name companies: Bristol-Myers, Dell, Hewlett-Packard, Monsanto, Time Warner and others. And according to Smithers, another 13 companies-including Coca-Cola, Gillette, Merrill Lynch, Sun Microsystems and Waste Management-would have seen their 1996 profits cut more than half had they treated options as a compensation expense."
DELL is mortgaging its future, and it will pay the ultimate price in STEEP declines along w/ the rest of this funny money mkt. Mark my words, when this mania is over. Congress will blame the fall on greed and options and pass legislation pronouncing that the problem has been repaired.... the more things change, the more they stay the same.
-Lucretius
BTW- Lakers need a day job. I've never seen so bad.......... |
