Washington (May 12, 2004) -- In testimony defending their controversial plan to mandate the expensing of employee stock options, top officials from the Financial Accounting Standards Board dismissed suggestions that the proposal has already had a chilling effect on small business growth.
Rather than discouraging business growth, expensing employee stock option compensation will “enhance the efficiency of capital allocation in our markets” and promote “the growth and stability of the U.S. economy,” FASB chairman Robert H. Herz told members of a House Financial Services Subcommittee.
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