Gideon's Blog

In direct contravention of my wife's explicit instructions, herewith I inaugurate my first blog. Long may it prosper.

For some reason, I think I have something to say to you. You think you have something to say to me? Email me at: gideonsblogger -at- yahoo -dot- com

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Friday, May 03, 2002
Another piece in the Wall Street Journal about accounting for options. There's an article by John B. Judis in the latest New Republic on the same topic, blaming the Bush Administration for failing to learn the "lesson of Enron" about the importance of accurate accounting. What I want to note is that the Journal has published several pieces in favor of requiring that stock options be expensed, while Tom Daschle (as The New Republic notes) is opposed. Republicans are split on the issue; pro-business types are inclined to do whatever business asks, while more thoughtful free-market types are inclined to greater transparency even if business executives scream. What's the Democrats' excuse for rolling over?