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1.09.2004

Best pun EVAR 

Jason van Steenwyk on companies reporting stock options as income:



Just for the record, I'm not ready to agree with Warren Buffett that we should require expensing of stock options. I'd rather just see the earnings, and see the stock incentive programs laid out in a table with all the various numbers of shares and prices myself. I haven't seen an equation for figuring the value of stock options that I'm really satisfied with--or even really understand. And I hate to throw money down Black Scholes.


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