by Paul B.W. Miller and Paul R. Bahnson In our preceding column, we once again went after those who persist in their pathetic arguments that stock options expense should not be recognized.

The sound bites warning of dire economic consequences have been resurrected by some managers to counteract the Financial Accounting Standards Board’s current efforts to mandate option expensing. Now that the board has gone public with a proposed standard, it will be interesting to see whether these same managers are successful in bribing, oops, persuading members of Congress to decide that expensing is a bad thing. The supposed calamitous consequences served as the rationalization behind the congressional flanking maneuver of a decade ago that stopped FASB from compelling expense recognition.

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