from the rated-b-for-bottom-line dept.
currivan writes "In a move that's been in consideration for a long time, the Financial Accounting Standards Board (FASB) approved new rules requiring employee stock options to be treated as expenses for reporting purposes. One of the reasons so many tech companies have given options to IT/engineering workers is that until now, they haven't counted against profits in quarterly reports. If markets were truly efficient, this wouldn't make a difference, but in reality, the tech industry is strongly opposed to the rule, though it should please Warren Buffett."
That's the thing about people who think they hate computers. What they
really hate is lousy programmers.
- Larry Niven and Jerry Pournelle in "Oath of Fealty"