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To: Uncle Frank who wrote (461)	8/22/2002 12:53:31 PM
From: hueyone	Read Replies (1) \| Respond to of 562

But imo the appropriate action is to identify and convict the crooks, not to outlaw a useful system. IMO, That is an interesting, but misleading, way to couch the current debate. While there have been some isolated proposals here and there to get rid of stock options, this is not anything any bodies with regulatory authority are seriously considering. (If you know of a regulatory body that is seriously considering outlawing stock options, please let me know). Accounting for stock option compensation on the income statements is not the same as outlawing them. And the vast majority of behavior with regard to stock options is perfectly legal---even if it is abusive to shareholders. As long is there is no accounting for stock option compensation on the quarterly income statements, serious shareholder abuse will likely continue. IMO, Huey

To: Uncle Frank who wrote (461)	8/22/2002 3:31:10 PM
From: hueyone	Read Replies (1) \| Respond to of 562

Upon further review of my initial post, I regret that I characterized your post as "misleading". I did not mean to cavalierly dismiss the importance of the debate regarding whether stock options should be outlawed, but instead meant to point out that for all practical purposes, for the time being, the debate amongst public policy makers is centered more on whether or not to move stock option expense to the income statement. Of course all permutations and debates related to the stock options subject are valid, useful and educational debates, and all points of view could be considered by those making public policy. In addition to private investors such as Chaz, I know some prominent public figures such as Bill Miller of Legg Mason Trust have suggested something close to outlawing stock options. I may have offended several folks, including Chaz, with that post, and I apologize for this. I clicked submit on that one a little too quickly. Best, Huey