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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (63331)	3/15/2003 2:57:48 PM
From: RetiredNow	Respond to of 77400

Let's face it, Lizzie. The only people with enough power and influence to reign in executive compensation are the executives themselves. And they aren't likely to give themselves a paycut, unless they all start behaving more like Chambers, who cut his salary to $1. So if you are a middle manager like myself or below, really, what can you do?

To: Lizzie Tudor who wrote (63331)	3/15/2003 3:11:03 PM
From: hueyone	Read Replies (1) \| Respond to of 77400

it is NOT options that are the problem but executive compensation. That was a cute post Lizzie---tyring to define the problem in a manner that has absolutely nothing to do with the FASB, and then blaming the FASB for not solving the problem as you defined it. The FASB has nothing to do with executive compensation versus rank and file compensation, nor is it in their job description to have an opinion on an issue like this. Nor it is in their job description to have an opinion on how much options are a good thing or to define options as a good or bad thing. Their job is simply to set the best standards possible for accounting and preparation of financial reports, nothing more, nothing less. With this in mind, the FASB is trying to solve the problem of unreported stock option compensation expense that is failing to show up on the income statements. About the Financial Accounting Standards Board Since 1973, the Financial Accounting Standards Board has been the designated organization in the private sector for establishing standards of financial accounting and reporting. Those standards govern the preparation of financial reports and are officially recognized as authoritative by the Securities and Exchange Commission and the American Institute of Certified Public Accountants. Such standards are essential to the efficient functioning of the economy because investors, creditors, auditors and others rely on credible, transparent and comparable financial information. For more information about the FASB, visit our website at www.fasb.org. fasb.org; Regards, Huey