Revving up against FASB rule

Companies that don't like the decision handed down last week by the Financial Accounting Standards Board regarding the treatment of stock options will have three years to lobby against its implementation - an effort that many observers predict ultimately will succeed.

The rule, which is scheduled to be drafted by mid-1993 and implemented into Generally Accepted Accounting Practices (GAAP) by 1997, calls for the disclosure of corporate stock options and would require companies to treat granting of the options as a current expense, thus affecting net income. ...