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To: jwag who wrote (11867)2/11/2000 5:47:00 PM
From: Boca_PETE  Respond to of 15132
 
John Waggenspack: There are NO current FASB PROJECTS AIMED AT REQUIRING COMPANIES TO BOOK STOCK OPTION EXPENSE.

rutgers.edu

There are only some very minor changes on some narrow issues related to the rule. So don't be frightened by the Raging BULL article which was a bunch of BULL imho.

Moreover, SFAS 123 is NOT A PROPOSAL as the author of the Raging BULL article asserts, it's a current rule companies MUST FOLLOW. Just finished doing my company's disclosure today.

Clearly , the article's author did a superficial research job, or has a hidden agenda. Also, many opposed the Exposure Draft of the rule on theoretical grounds (they felt the accounting was plain wrong). I'd bet the author never read any of the many letters of comment on the ED which are publicly available for viewing at the FASB.

P