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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (63177)	6/24/1999 4:46:00 PM
From: Freedom Fighter	Read Replies (2) \| Respond to of 132070

Mike and Mike, >>"When I assert that the quality of earnings is low I refer to stock options accounting of course where the charge hits shareholder equity but not the income statement yet the company derives a tax benefit on the income statement to the extent that the employee pays taxes on the gain.<< Does anyone know if the tax benefit received by the company is equal to the actual tax liability of the employee upon exercise or the theoretical value of the option as it was calculated at grant time by the company? Wayne