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The AAO Weblog covers accounting issues and current events as they relate the practice of investment analysis.

Apr 19

Written by: Jack Ciesielski
4/19/2005 11:59 AM 

Remember the "Broad-based Stock Option Plan Transparency Act" I mentioned yesterday, sponsored by California Representatives Dreier and Eshoo? There was a list of the bill's co-sponsors linked in the post.

There's one name not on the list of co-sponsors - but that doesn't make him a fan of improving accounting and accountability to shareholders. He's Senator John Ensign of Nevada, and he promises he "will continue to explore legislative options in an effort to preserve broad based employee stock options.”

Probably no idle threat. There's money to be found by supporting the tech lobby, so we might see a round of anti-shareholder "can you top this" bills surfacing over the summer.