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To: Bill Harmond who wrote (145935)	8/21/2002 1:22:45 PM
From: Oeconomicus	Respond to of 164685

Bill, Robert Olstein of the Olstein Financial Alert Fund is going to be on CNBC shortly talking about option expensing. BTW, he's known for never talking to or listening to company execs, instead picking apart their financials to find "the truth". forbes.com It will be interesting to hear what he has to say on the options issue. Regards. PS: Do you remember The Pointed Man? ;-)

To: Bill Harmond who wrote (145935)	8/21/2002 2:50:52 PM
From: Oeconomicus	Read Replies (3) \| Respond to of 164685

Bill, re Bob Olstein... He must not have had a point - he wasn't wearing a hat. <;-) Actually, he did. He said 1) options should not be expensed because "all you're doing is debiting retained earnings and crediting paid-in capital" for a non-cash expense that doesn't tell you anything about the business and that's already reflected in the dilution; and 2) execs should be rewarded with stock grants and not options, and the grants should be based on earnings (i.e. business performance) and not stock performance. Now where have I heard those pointless arguments before? ;-)