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To: paul_philp who wrote (52357)	7/29/2002 1:25:21 PM
From: hueyone	Read Replies (1) \| Respond to of 54805

OT---McCain Hi Paul: The Salon article refers to a speech given by John McCain to the National Press Club on July 11th concerning corporate governance. I do not believe many elements of that speech were ever part of the Levin/McCain bill, S. 1940. That speech to the National Press Club appears to include McCain's complete wish list for reform. Right about the same time as McCain gave the speech to the Press Club, McCain also introduced a simple amendment to the recent Accounting Reform Bill, Sarbanes S. 2673, for the purpose of ending the double standard for stock options. This amendment, like the original Levin/McCain bill we have discussed, simply required companies to be consistent in their reporting of stock options expense to the IRS and shareholders. Here is the text of the McCain amendment: mccain.senate.gov McCain's amendment was not accepted as part of the Accounting Reform Bill. The tech lobby fighting against reform, which ironically is funded with our shareholder money, was simply too strong for this reform to ever have any realistic chance of passing. Best, Huey