[kattracks]

In 1995, the Financial Accounting Standards Board, which sets accounting rules nationwide, said that companies should treat stock options as expenses. But this was offered as a suggestion, not a requirement. Big mistake.

The American board has long thought that options should be treated as an expense but backed down on that requirement in 1994 under heavy political pressure led by Senator Joseph I. Lieberman, the Connecticut Democrat.

G.E. Is Latest to Reconfigure Stock Options

[FreedomPoster]

But doing the right thing doesn't come cheap. By "expensing" the fair market value of the options, GE will reduce this year's profits by $30 million.

To put this in perspective:

For the quarter ending 3/31/2002

GE's Total Revenue: $30,521,000,000

Net Income $2,503,000,000

Adjust by <$30,000,000> greater expenses under this accounting change.

Adjusted Net Income $2,473,000,000

Obviously not that big of a deal for a GE.

[GretchenEE]

bump!

[Boxsford]

"..spelling out in advance conditions required for acceptable resolutions is virtually unprecedented. And, in this instance, absolutely necessary."

Clinton, in this mornings headlines is quoted as hypocritically saying he would go into the trenches and die there for Israel and he wouldn't even do this much for them.

[mware]

I was very iimpressed when I read this editoral this morning. For the NY Daily News to praise the President is something they rarely do.

[Issaquahking]

A "get the U.S. out of the U.N." Bump

[CyberAnt]

"heavy political pressure led by Senator Joseph I. Lieberman"

We simply cannot allow this man to ever be elected President!!!!! What a snake!