Please Take A Few Seconds And Help Save Our Stock Options

[Chopsticks]

Stock options give rank-and-file employees a sense of ownership and a
stake in the company they work for. They motivate workers to do
their best knowing their ideas and hard work will mean success
not only for their companies but for them and their families as
well. Broad-based employee stock option programs are also good
for shareholders because employees are rewarded only if the
company's stock value increases.

Without this legislation companies, which do the right thing and
distribute stock options to the majority if not all of their
employees, will have to end these plans or drastically reduce the
number of people who receive options, probably restricting them
to the most senior executives.

The "Stock Option Accounting Reform Act" is a good compromise that
holds executives accountable and protects a valuable tool for
employee ownership, innovation and economic growth. Please
protect broad-based employee stock option plans.

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Please take 2 minutes out of your way and click on the link below and click on the box "Take Action." Thanks everyone.


http://www.savestockoptions.org/index.html

 

[Chopsticks]

C'mon fellas...You want to be political zealots? Now here's your chance to get involved. PLEASE help to protect every employees rights to stock options instead of just secluding it to just high coporate officials. Just take 2 minutes to have a pre-written letter sent to your local Congressman to support our rights. Thanks again everyone...

 

[BobbyBlueChip]

PLEASE help to protect every employees rights to stock options instead of just secluding it to just high coporate officials.

Life, Liberty, the Pursuit of Happiness and Stock Options??? Nobody's taking away stock options, they just want them recorded as an expense which is exactly what they are. I can't think of anything that had a greater impact on the tech bubble bursting than employee (which includes management) redemption of their stock options, which the serious accredited investors knew would be coming and the uninformed investor could not discern.

 

[Chopsticks]

BobbyBlueChip

BobbyBlueChip

I guess you don't have any stock in your company...Thanks for the response. If you're not too worried about it, for sake of argument, why don't you just take the time to respond to the site instead of my thread...

 

[BobbyBlueChip]

No, I buy stock. The company I work for pays me in cash and doesn't need to use accounting tricks to appear to be profitable.

In the future, just state at the top of the thread "people that don't agree with me are asked not to respond" and I'll stay out.

Keep fighting for the "cause"

 

[Chopsticks]

Unlike you, I'm not the wizard of the stock market and would probably waste away a marginal account and end up in the hole after a few weeks of trading. I do know, however, that every quarter, I have the option of ESPP, and a portion of my income goes into buying my company stock at a 15% discount of the market value of the difference from the highest to the lowest of the quarter; but since you know so much about stocks, you probably already knew that. And I wish my company would pay me in cash, or is that a form of being paid under the table? Wow, what company is that? And you must support outsourcing too. But I have to rely on my stock options as extra income. So, if you are uneffected by this, great. Some of us can't afford to lose our stock options. Thanks for responding...

 

[djv]

Chopsticks I believe it can work both ways. I did work for a company thet gave us the option. So here's what I will do. I went to the site and it asked for more info then I use on the internet. Call me old fashion. However Rep Ron Kind is a church member where I go to church Ron will be home over 4th of July. I also coached Ron in 14 and under Baseball a few years back. I will see him either this Sunday or next Sunday. I will give him my note. And tell him your concern also.

 

[ocelot]

I've read an interesting point-of-view on this that states that expensing options is not so simple as it is hard to place a value on them. The writer stated that they should be expensed when they are EXERCISED. I am no expert but it all sounded logical at the time I read it.

 

[BobbyBlueChip]

Unlike you, I'm not the wizard of the stock market and would probably waste away a marginal account and end up in the hole after a few weeks of trading. I do know, however, that every quarter, I have the option of ESPP, and a portion of my income goes into buying my company stock at a 15% discount of the market value of the difference from the highest to the lowest of the quarter; but since you know so much about stocks, you probably already knew that.

Not trying to sound like an accounting geek, but if the shoe fits . . .

Reading some information regarding stock options right now and the 15% discount came up in the accounting literature and it reminded me of this thread. It sounds like your ESPP plan is not related to compensation and won't be expensed. It's also not under discussion in the FASB to change that portion of the accounting for stock options.

Did people in your accounting department say that the FASB's new laws would effect your ESPP or were you just asked by an industry group or an email to go to that website.