Washington (April 23, 2004) -- The Financial Accounting Standards Board this week found another ally in its battle against lawmakers who want to stall its plan to make stock option expensing mandatory -- Federal Reserve Chairman Alan Greenspan.
The head of the Fed basically told Congress to butt out, according to a Reuters report. "With respect to stock options, I think it would be a bad mistake for the Congress to impede FASB in this regard," Greenspan reportedly said during a question-and-answer session following testimony before Congress' Joint Economic Committee on Wednesday.
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