Dollars and Jens
Friday, April 16, 2004
 
Re: expensing options
Morningstar also has a new piece on expensing options, one which takes pretty much the line Dean and I take.

I'd like to add that Dean is right that the disclosure of the determinants of an option's value is substantially more important than incorporating an expense into the income statement, where it belongs. But if a company's management truly considers options to be free when they're deciding how many to hand out, that doesn't bode well for shareholders.

- posted by Steven @ 12:39 AM

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