Open letter from CFA Institute supporting the SEC and the FASB on options

We write in continued support for the SEC and the FASB to proceed with the planned implementation of the new stock option expensing rules as embodied in FAS 123(R). Plans for the June 15, 2005 effective date should not be altered. We are concerned that the level of misinformation surrounding this issue not deter you from advancing the goal of honest and fair treatment of compensation expense.

See full Letter, in pdf format.