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To: RetiredNow who wrote (65468)	5/13/2004 2:14:53 PM
From: rkral	Respond to of 77400

OT .. mindmeld, re "All we have to do is allow up and down true-ups based on market close of the stock price every quarter, and then another true up once options are exercised. That would make the measure very accurate." Proposed changes -- to SFAS 123 "Accounting for Stock-Based Compensation" -- were published on March 31, 2004 for review and comment. AFAIK the FASB did not waver from its decade-long desire for companies to expense the option's value [ed: as of the grant date] .. without true-up as you suggest. Since this change proposal was a perfect opportunity to incorporate some form of true-up, and the FASB didn't do so .. I suggest the FASB has no intent of doing so .. ever. Perhaps time would be better spent trying to learn *why* the FASB is basing the expense on the grant day value. And once we learn *why*, we might even learn to appreciate their POV .. and deem [ed: their POV]logical and correct. Regards, Ron