Companies Told to Start Expensing Options

[David Farber <dave () farber net>]

Begin forwarded message:

From: Monty Solomon <monty () roscom com>
Date: December 17, 2004 10:57:18 AM EST
To: undisclosed-recipient:;
Subject: Companies Told to Start Expensing Options


      Companies Told to Start Expensing Options
      - Dec 16, 2004 03:26 PM (AP Online)

By MICHAEL P. REGAN AP Business Writer


NEW YORK (AP) -- The nation's accounting rulemaker decided Thursday
that companies will have to begin deducting the value of stock
options from their profits next year, removing a cheap way to
compensate workers that had been abused by executives and clouded
earnings.


The move has been cheered by shareholder advocates but scorned by
many companies who rely heavily on options to beef up compensation
packages.


The Financial Accounting Standards Board's long-awaited decision
calls for public companies to start expensing options beginning with
their first annual reporting period after June 15, 2005.

...

      - http://finance.lycos.com/home/news/story.asp?story=45690468

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