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To: GVTucker who wrote (177802)5/7/2004 2:10:10 AM
From: NITT  Read Replies (1) | Respond to of 186894
 
re:"It is all about proper financial statements."

How is reporting, as an expense, the value of an option granted to employees "proper" when no cash changes hand and there is not a black and white valuation method for non-open market options available to assure reporting consistence from company to company and it is thought to be improper to requiring companies to disclose the black and white facts of a stock option program.

Nitt


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