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

To: Lizzie Tudor who wrote (63338)	3/15/2003 5:40:00 PM
From: hueyone	Read Replies (1) \| Respond to of 77400

Second, it <FASB> dismissed warnings that companies will dole out fewer options to rank-and-file workers if options must be reported as expenses. Looks like they were making some sort of call on this to me- Hi Lizzie: Your statement doesn't refute my statement that it is not the FASB's job to decide who should get options, how many options are a good thing, and whether options are good or bad. Instead, you merely quoted a journalist who noted that the FASB dismissed arguments from the tech lobbies when the FASB voted to find a way to expense stock options on the income statements. But there are no direct quotes from the FASB in the article regarding specific findings by the FASB on each and every argument advanced by the tech lobbies. I would have to believe that many arguments put forth by the tech lobbies, such as the one above, were dismissed outright because they are irrelevant to the question at hand, that is whether options are a legitimate expense and how best to expense them, not because the FASB made a finding of disagreement or agreement on each and every argument put forth by the lobbies. It is not the FASB's job to try to engineer social policy or wage equality through accounting standards. Indeed, the very article you cited later goes on to say: the board's unanimous vote underscored that its goal is to examine nuts-and-bolts issues such as how to measure the cost of options, not whether options are socially desirable. Regards, Huey