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To: PerryA who wrote (64562)9/15/2003 1:04:34 AM
From: Don Lloyd  Read Replies (2) | Respond to of 77400
 
Perry,

>>The fundamental point, as always, seems to be missed.
Options, or stock, should be granted IF, and only IF, doing so benefits shareholders.>>

I agree; however, this has nothing to do with the expense issue.


I think that it does in the sense that any expense that you record indicates an injury to existing shareholders in addition to the ownership dilution, but I could be talked of that necessarily being the case.

My perception is that most supporters of expensing believe that stock or option grants always injure shareholders, no matter what the terms.

Regards, Don