Sunday September 27, 2020

Debate rages in US on stock options change

Intel, Genentech and other US companies that have resisted counting employee stock options as an expense will have to do so starting in June under a financial accounting rule issued last week.

25th December, 2004

Intel, Genentech and other US companies that have resisted counting employee stock options as an expense will have to do so starting in June under a financial accounting rule issued last week.

The Financial Accounting Standards Board (FASB) unanimously approved the rule, chairman Robert Herz said at a press conference.

Small businesses won't have to comply until after December 15, 2005, and closely held companies will have until 2006.

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