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To: Road Walker who wrote (174205)4/23/2003 8:52:51 AM
From: Jacques Newey  Respond to of 186894
 
Board Backs Rules Change on Stock Options:
Accounting-Standards Panel Unanimously Agrees That Firms Should Treat the Grants as Expenses

"The private board that writes U.S. accounting rules unanimously agreed yesterday that companies should be required to treat grants of stock options to executives and employees as expenses, a key show of support for a measure strenuously opposed by high-tech industries and some members of Congress.

The seven-member Financial Accounting Standards Board, meeting at its Norwalk, Conn., headquarters, determined that options "are goods and services that are being exchanged and you must recognize it just as you would other goods and services," spokeswoman Sheryl L. Thompson said."

washingtonpost.com



To: Road Walker who wrote (174205)4/23/2003 11:26:30 AM
From: chomolungma  Respond to of 186894
 
FWIW: Craig Barrett wrote a piece on today's WSJ op-ed page, against expensing options.

Please, oh please don't get the thread going on that subject again. Talk about straining at a gnat!