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Technology Stocks : Dell Technologies Inc.
DELL 119.68-0.6%Jan 13 3:59 PM EST

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To: rudedog who wrote (79883)11/13/1998 1:20:00 PM
From: Lee  Read Replies (2) of 176387
 
Hi Rudy,..Re:. It would be better to get some change in general accounting practice which would make the accounting standard for everyone but that would probably take years.

Rudy, if the practice is that prevalent that it would take a standards change in general accounting, then we should just view it as a management fee, much like those charged on many mutual funds. You are right that it wouldn't be fair to expect some companies to adopt the more straightforward accounting while others don't. It is my understanding that Berkshire Hathoway does not participate in this type of compensation but that is the only company I know of that has explicitly stated that it doesn't.

At any rate, Dell has rewarded us nicely so it's difficult to get very upset about this accounting.


Thanks for your reply,

Lee
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