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To: hueyone who wrote (178992)8/10/2004 4:41:45 PM
From: Lizzie Tudor  Read Replies (2) | Respond to of 186894
 
thought the debate might be over when all the big accounting firms, the Financial Accounting Standards Board, and nearly all the top, independent financial and accounting scholars in the US agreed that stock options should be expensed, but lo and behold, it looks like the special interest beneficiaries of the scam

This is way out there again hueyone.

Since when does the accounting profession determine the best course of action for the US? Not in my lifetime thank god.



To: hueyone who wrote (178992)8/10/2004 5:14:44 PM
From: Robert O  Read Replies (1) | Respond to of 186894
 
I thought the debate might be over when all the big accounting firms, the Financial Accounting Standards Board, and nearly all the top, independent financial and accounting scholars in the US agreed that stock options should be expensed, but lo and behold, it looks like the special interest beneficiaries of the scam are once again going to be able to buy a continuance of the scam in the halls of Congress.

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I liken it to the [continuing] power of big tobacco special interests. Even today with nigh every expert on the planet 'outing' tobacco as a killer, the product can still be easily purchased (or have it purchased) by just about anyone and second hand smoke continues to contribute to health issues the world over. Sickening.

Wherever there is big big money involved folks always look back and wonder what the heck took so long for such obvious schemes to be outed and acted on. Both horrific frauds on the public that continue mildly abated.

RO



To: hueyone who wrote (178992)8/10/2004 8:34:13 PM
From: Amy J  Read Replies (2) | Respond to of 186894
 
Hi Hueyone, RE: "When a guy like Tom Siebel...can retire with a billion dollars...I view it as one of the greatest scams"

Without entering the debate, isn't Siebel the founder of his company? If so, would the issue for him pertain to his founders shares? (I don't follow database companies so do not know.)

Regards,
Amy J