Tied up in FASB’s knots
Corporate executives seeking to manage the risks associated with accounting for stock options are constrained by a host of other new accounting rules. By Naomi Humphries
driven fears, has finally nailed the lid on the coffin of many previously popular strategies. Most US corporates are no longer using equity derivatives, including put warrants, to hedge share buy-back programmes. Such programmes were often done either for their own sake, or as a way of maintaining zero
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