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ADVISORY/FASB Roundtable on Expensing Stock Options: CFA Institute Spokesperson Available for Comment.


Contact information of release should read: Kimberly Kimberly may refer to:

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 Rem, 212-884-4025 (sted Kimberly Rem, 212-880-4025).

The corrected release reads:

ADVISORY/FASB ROUNDTABLE roundtable A conference or discussion involving several participants, often before an audience and open for questions. Cf Keynote address, Plenary session.  ON EXPENSING STOCK OPTIONS: CFA INSTITUTE The CFA Institute is headquartered in the United States Of America at Charlottesville, Virginia with offices in Hong Kong and London. Formerly known as the Association for Investment Management and Research (AIMR), the Institute awards the prestigious Chartered Financial Analyst  SPOKESPERSON AVAILABLE FOR COMMENT
WHAT:       The stock options debate is coming to Silicon Valley
            on Thursday, June 24th, when FASB hosts its public
            roundtable in response to its Proposed Statement in favor
            of expensing. Some of the largest companies in the area
            are well prepared to voice fervent opposition to the
            proposal. Both Cisco and Intel have already argued that
            FASB's proposal would decrease the use of options, hence
            eliminating precisely the environment that drove the
            success of the tech boom in the first place.

            As the open-commenting period approaches its end on June
            30th in order to allow a decision to be reached, the round
            table discussion will serve as a forum for corporations,
            shareholders, and experts to express their views on this
            controversial topic.

POSITION:   CFA Institute strongly believes that employee stock
            options are a form of compensation, that all compensation
            must be expensed on the financial statements, and that the
            ethical obligations of transparency, full disclosure, and
            serving investor interests require companies to expense
            stock options. As an advocate of the individual investor's
            rights, CFA Institute believes that every shareholder
            deserves to see the impact of stock options on earnings,
            rather than just those who know where to look.

WHO:        Available to speak on this issue is:
            Rebecca McEnally, Ph.D., CFA, vice president of advocacy
            at CFA Institute. She oversees CFA Institute's advocacy
            efforts in North America, Europe and Asia, including
            representing the views of investment professionals on
            corporate financial reporting and disclosure. Prior to
            joining CFA Institute, Dr. McEnally taught financial
            reporting and financial statement analysis at UNC Chapel
            Hill, New York University, and Boston University.

ABOUT CFA INSTITUTE:
            CFA Institute is the global, non-profit professional
            association that administers the CFA curriculum and
            examination program worldwide and sets voluntary,
            ethics-based professional and performance-reporting
            standards for the investment industry. CFA Institute has
            70,000 members in 116 countries. Its membership includes
            the world's 57,000 CFA charterholders, as well as 129
            affiliated professional societies in 50 countries. CFA
            Institute is headquartered in Charlottesville, Va., with
            additional offices in London and Hong Kong. It was formed
            as the Association for Investment Management and Research
            in 1990 from the combination of the Financial Analysts
            Federation (formed in 1947) and the Institute of Chartered
            Financial Analysts (formed in 1962). More information may
            be found at www.cfainstitute.org or by calling
            1-800-247-8132 or 1-434-951-5499.

WHEN:       CFA Institute spokesperson Dr. McEnally is available for
            comment beginning on Thursday, 6/24. Scheduling is
            determined upon each request.

FOR MORE INFORMATION, OR TO BOOK AN INTERVIEW, PLEASE CONTACT:
Kimberly Rem, Ogilvy PR
TEL: (212) 884-4025
EM: Kimberly.rem@ogilvypr.com
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 24, 2004
Words:464
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