Archive | April, 2004

Volume 13, No. 6


End Of The Long And Winding Road: No More Free Options  A festering wound has lingered on the body of accounting literature for over half a century: the non-recognition of compensation expense for stock options granted to employees. Many

Continue Reading

Volume 13, No. 5


2003 Options & Pensions: An Early Survey  There are two seemingly eternal issues in financial reporting. One: how does low-brow reporting of options compensation distort performance results? Two: how does pension accounting distort performance results? These questions haunt investors

Continue Reading