posted by Matthew @ 7/22/2002 09:53:00 AM
Comments: 0
Monday, July 22, 2002
Accounting for stock options is difficult. But as Brad De Long points out, the excuse used by many politicians and industrialists, that to expense them would lead to fewer being issued makes no sense. Expensing health care, or even salaries, means that the amount spent is less than it would be if they weren't expensed. No-one, however, argues they shouldn't be expensed.