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Re: Options expensing

it seems that options expensing is easy if firms are able to count options as a cost in their taxes (if I remember what Nomi said correctly). Simply count them as an equal cost when calculating profits for the stockholders. 

It's reminiscent of a land reform program I heard about (perhaps a fictional one, in Galbraith's THE TRIUMPH ) in which the landowners were compensated for their expropriated land according to the value that the claimed in their tax forms. 

Jim D.
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