Not giving up…
One would hope that the whole debate over expensing stock options was finally over, but SEC Commissioner Paul Atkins isn’t quite ready to give up the ghost. Both Atkins and fellow Republican appointee, Glassman, kept talking about their fears of double-counting stock options. And although SEC Chief Economist Chester Spatt told Atkins that he wouldn’t really think of these proposed changes as leading to double counting, Atkins persisted. “That’s one of the inherent problems of FAS123,” Atkins said, before moving on to the topic of perks and how the $10K disclosure rule was picked.
Isn’t it time to stop whining about how unfair FAS123 is already? Hasn’t that boat set sail?