Archived Blog Post: April 3, 2004

Accounting Board Wants Options to Be Reported as an Expense: "David M. Blitzer, a managing director of Standard & Poor's, said he thought the added flexibility in the new rule would allow many companies to report values that are lower than the ones they now disclose in footnotes to their annual reports. 'The basic issue is that when you have employees you should pay them, and you should tell your shareholders how much you pay them,' said Mr. Blitzer. He said he hoped the rule would be adopted and that it would be embarrassing if European companies that follow international standards wound up with better accounting than American ones."