Magazine

Table: The Battle of Gucci Gulch


Corporate lobbying keeps thwarting efforts to make companies treat options as an expense. Some of their key victories this year:

-- The McCain-Levin bill, which would have forced companies to expense options if they take a tax deduction for the costs, never got to the Senate floor for a vote

-- To win industry support for his accounting reform bill, Senate Banking Committee Chairman Paul Sarbanes (D-Md.) deleted a provision directing the SEC to study the issue

-- The CalPERS board rejected a staff proposal that the pension fund urge companies to treat options as an expense

Data: BusinessWeek


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