Chris Cox and the Options Question

What will the rapid appointment of Congressman Chris Cox to succeed William Dondaldson as SEC chairman mean for mandatory stock options expensing?  No one knows yet.

In a Dow Jones Story today, TechNet chairman Rick White says to the question:

"I don't know the answer to that," said Rick White, the chairman of Technet, a trade group that had opposed stock options expensing. "I do think Chris will be a little more in tune with President Bush on some of these policy issues probably more than either of his two predecessors were, and I think that is good."

Over at the CFO.com CFO Blog, this is predicted:

At the minimum, look for the FASB’s rule on stock options expensing to be indefinitely postponed, and for much more of corporate management’s Sarbox wishlist to be granted.

James Glassman at Tech Central Station says:

Cox must rein in the Financial Accounting Standards Board, which has become a law unto itself. FASB is obsessed with forcing companies to expense stock options -- a move that hurts the competitiveness of high-tech companies, many headquartered in Cox's home state.