If the SEC had such a positive message to convey, why did it pick such an obscure time to convey it? The Office of Management and Budget didn't supply the required approval of the amendment until the afternoon of Friday, December 22, and the SEC did not want to "bury" the announcement by waiting to issue the release in the week between Christmas and New Year's Day to make it, according to Nester. "This is a rule, there is no burying it," he said. "It would make no sense to try to hide a rule, because you want issuers to be able to comply with it and the public to be able to benefit from it."
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Reader CommentsDisplaying 2 of 2
Roland Cycan
Jan 11, 2007 9:37 AM ET
Work
Work for us for 4 years, and we will give you $10 million in options. Work for us for 3 years and 11 months and we … more
David Newman
Jan 10, 2007 9:35 PM ET
Matching of Revenues Generated and Expenses Incurred
The SEC requirement of option compensation expense recognition over the vesting period of the option is more logical … more
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