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Article: GM employee stock options to be expensed beginning in 2003
- Article from:
- AP Worldstream
- Article date:
- August 6, 2002
- Author:
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Dateline: DETROIT
General Motors Corp. will begin charging its stock options as an expense
against earnings beginning in January 2003, the automaker said Tuesday.
GM will expense the fair-market value of options granted to employees
under guidelines of the Financial Accounting Standards Board, which
call for amortizing the expense of options over their vesting period.
The expected change would be about dlrs 85 million the first year.
The full cost of GM's annual option grants would grow to about dlrs
130 million, or 24 cents per share, in the year 2005, the automaker
said.
Other companies also have made the change to a stricter accounting
method for stock option ...