Employee Stock Options Must be Treated as Expenses
currivan writes "In a move that's been in consideration for a long time, the Financial Accounting Standards Board (FASB) approved new rules requiring employee stock options to be treated as expenses for reporting purposes. One of the reasons so many tech companies have given options to IT/engineering workers is that until now, they haven't counted against profits in quarterly reports. If markets were truly efficient, this wouldn't make a difference, but in reality, the tech industry is strongly opposed to the rule, though it should please Warren Buffett."
As all the geeks on /. try to figure out what this means.
The simple truth is that interstellar distances will not fit into the human imagination
- Douglas Adams
Sheesh, fine, you win. Who'd have thought there were so many grouchy accountants around here...
But hey, at least you're not being a jerk like that other one.
Hokey statistics and ancient misconceptions are no match for a good thought in your head, kid!