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Microsoft Says No Plan to Start Expensing Options | |
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| Time: 03:38 EST/08:38 GMT | News Source: Reuters | Posted By: Alex Harris | ||
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Microsoft said on Thursday it would stick with the high-tech industry's practice of not listing employee stock options as expenses, bucking pressure from politicians and investors. Steve Ballmer, chief executive at the world's largest software maker, told reporters and analysts that Microsoft had no plans to change its current accounting rules, but also noted that "it makes economic sense to expense options." "If the statutes change, then of course we'll comply," he said at the company's annual briefing for financial analysts at its Redmond, Washington headquarters. Scrutiny over corporate treatment of stock options has intensified after accounting scandals at Enron Corp and WorldCom Inc brought to light generous compensation for executives in the form of lucrative stock options. | ||
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