A growing chorus of experts are realizing that remedy is worse than the alleged sickness when it comes to the proposed method to value expensed stock options that will be mandated soon by FASB (and approved by the SEC).
As the San Jose Mercury News notes today in an editorial titled "Proposal a Recipe for Confusion, Graft", ex-Bush top economic adviser Lawrence Lindsey says that the "proposal to force companies to expense stock options could turn financial statements into misleading documents."
The Merc continues:
"Lindsey is right. The formulas are imprecise and open to manipulation. They will sow confusion among investors, making it harder to compare the financial health of different companies. They might even lead to liability for CEOs, who are required to certify the accuracy of their financial statements.
"This conclusion by Lindsey as well as others should be a wake-up call for the Securities and Exchange Commission. The agency should either come up with better methods of valuing stock options or postpone forcing companies to expense them. If it doesn't, Congress should step in."
comment text
Posted by: My Name | June 15, 2011 at 01:56 AM
asfasscfas
feqwcvw
ewv vw vw
cvvwvw
Posted by: My Name | June 15, 2011 at 01:57 AM
"This conclusion by Lindsey as well as others should be a wake-up call for the Securities and Exchange Commission. The agency should either come up with better methods of valuing stock options or postpone forcing companies to expense them. If it doesn't, Congress should step in."
Posted by: My Name | June 15, 2011 at 01:57 AM
Through the branches of alder tree, the tiles in my radiocarpal joint but I took it for granted thinking it testament just now travel by. Nonetheless, if your symptoms do not amend afterward 1 to 2 weeks of the problem is a deficiency of posture and tractableness.
Posted by: Beaconsfield carpal tunnel doctor | February 03, 2013 at 10:41 PM