The war over expensing stock options is heating up.
Lobbyists for big technology companies are planning a blitz in Washington, D.C., on Tuesday to support a bill that would limit expensing of options. The bill would require companies to expense only those options granted to the top five executives of a given company.
About 30 anti-expensing executives will meet with some 25 senators who are undeclared on the issue, said John Palafoutas, chief lobbyist for the AeA, which represents the high-tech industry. They'll also be meeting with three members of the Securities and Exchange Commission and a representative for William Donaldson, its chairman. Donaldson has been an outspoken proponent of options expensing, urging the Senate last month to oppose the options bill. ...
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