Neuberger Berman To Expense Options: Investment advisory concern Neuberger Berman Inc. said it would expense the cost of all stock options the company grants beginning January 2003.
In 2003, the company said it would adopt the expense recognition provisions of recording the fair value of stock options under the guidance of SFAS No. 123, Accounting for Stock-Based Compensation. The company said it does not anticipate granting any significant number of options in the third and fourth quarters of 2002.
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