Exact(11)
"Definitely an additional expense, but at the same time, it's not a salary expense," he said.
On a strictly tax basis, that arithmetic may not work, because the company can take a deduction for the salary expense but not for the dividend payment.
The chairman of the accounting board, Robert Herz, while acknowledging that technical questions of how to value options remain open to debate, has argued that treating options as a salary expense gives a more honest view of a company's finances.
The board said that 88percentt of comment letters it received from companies opposed requiring options to be treated as a salary expense, while 76percentt of investors and other users of financial statements were in favor.
Remember, the corporate world learned how to make itself rich this cycle through stock options, which held down the salary expense line.
Remember, America's corporate world learned how to make itself rich this cycle through stock options, which held down the salary expense line.
Similar(48)
The difference, Mr. Levy has said, comes from mandated salary expenses and other cost increases, including inflation.
Edwards aims to cut nonbranch salary expenses by 8percentt, or about $21 million.
Most of the cuttings I read ahead of the interview concerned his salary, expenses, alleged taste for the high life.
Major companies could make (or fake) larger profits by financial devices: writing futures contracts, investing in stocks, juggling pension funds, moving low-return assets into separate partnerships and substituting stock options for salary expenses.
In February, the president asked Congress to provide the agency with an allocated budget for fiscal year 2009 of $1.77 billion, which included an increase of $50.7 million over the prior year — not enough even to cover increased salary expenses at the agency.
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