Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: willcousa who wrote (178364)	6/23/2004 4:50:03 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 186894

I have no idea what you are trying to say. "works in the long run" does not apply to the accounting industry irrespective of the US business climate. We don't run companies to serve the accountants, it is the other way around and I doubt very seriously ESPPs go down for any reason. Its one thing when options expensing has a chance of cutting executive salaries and perks and quite another to dismantle large US stock ownership programs. My guess is the "top 5 executive" expensing option prevails, or nothing. I asked on this thread and others on SI what ESPPs had to do with options expensing and nobody could tell me. Now I know, after digging on my own.

To: willcousa who wrote (178364)	6/24/2004 10:58:21 AM
From: GVTucker	Read Replies (1) \| Respond to of 186894

willcousa, RE: There have been plenty of big accounting changes in the past. Each one leads to large added fees for the public accountants. They control FASB. That is why industry has to run to Congress. It is their only hope vs. FASB. While I don't deny that there's a self serving piece to every industry group and that FASB is not exempt from that, I don't see how the stock option expensing issue would result in "large added fees" for the accounting profession. Stock option expense is already required to be computed. It is just currently reported in the notes and not in the income statement. The stock option expensing proposal put forth by the FASB wouldn't alter the fees charged by the accountants at all.