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To: Skeeter Bug who wrote (16357)8/1/2002 4:22:56 PM
From: Tim Bagwell  Read Replies (2) | Respond to of 42834
 
Maybe this could be handled as a new item under non-recurring expenses whereby the company only expenses the cost of stock that it purchases on the open market for distribution in options. Then I guess this would have to be added also as a non-recurring asset that the company really owns until the option is vested. Afterall, the real stock shares are held by the company and could be traded on any given day for speculative revenue or hedges if so desired.

It seems to me that those brilliant accountants who gave us the WCOM and Enron snafu's could tuck their heads under their armpits once more to come up with a clever solution to this other than VOODOO expensing based on some bogus option model.