Financial Accounting Blog

Thursday, April 22, 2004

Conflict of Interest? The Motley Fool responds to Intel CEO Barrett's recent OP-ED in the Wall Street Journal.
...Barrett sent a fiery blast at the Financial Accounting Standards Board (FASB) on Wednesday, in the form of a Wall Street Journal article that claims the new FASB proposal to expense stock options will be a 'field day for trial lawyers and class action lawsuits.'

I note with no mild bemusement the juxtaposition between Barrett's primal scream on options and the news that the options grant he received for 2003 doubled from 2002, up to 1.35 million options.