Taking Stock Of Stock Options
An intensive lobbying effort by business interests failed to stop the Financial Accounting Standards Board from moving forward with a proposal to charge stock options against earnings. The board voted Apr. 7 to formally propose the new standard. It will likely receive public comments for six months before requiring companies to disclose the impact of option grants on corporate earnings for three years. Stock-option grants made after Dec. 31, 1996, would then have to be expensed on the books.
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