Those were the days...

This quote made me chuckle:

"They should stay out of this," said [named employee], a Sun Microsystems employee who attended the rally, who said he depends on money from stock options to pay his mortgage.

Ah, what it must have been to be part of the IT boom... the money from \*my\* Sun stock options wouldn't buy a bag of penny caramels :)

Comments:

Politics aside, as a CPA, these options really shouldn't be expensed. If you look into what is actually going on, it is the shareholders' assets that are being diminsied, therefore they are the ones with the 'deduction.' In the world of double-entry accouting, I ask this question, where do you put the credit in this entry to record the expense? What "asset" on the corporation's books to you diminish? You can't, you have to make up some fictitious desciption and let the attorneys try to explain it to you. Just remeber this is all due to the government responding to a percieved inequity. Pure bullshiat.

Posted by Gardner Biggs on June 25, 2004 at 07:03 AM GMT+00:00 #

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About


I am an Interaction Designer in the Systems Experience Design team, arriving at Oracle via Sun where I've worked since 2000. I currently work on sysadmin user experience projects for Solaris. Formerly I worked on open source Solaris desktop projects such as GNOME, NWAM and IPS.

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