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To: Zoltan! who wrote (35085)5/9/2000 5:35:00 PM
From: Kenneth E. Phillipps  Read Replies (1) | Respond to of 77400
 
Profit from operations also excludes payroll tax on stock option exercises and gains from some investments.

bloomberg.com

Why would they not treat payroll tax on exercised stock options as an expense in computing profits from operations?



To: Zoltan! who wrote (35085)5/9/2000 6:37:00 PM
From: q_long  Respond to of 77400
 
Hmmm. Sounds a lot like back peddling <eom>