Stock options Blessing Zion

The SEC just changed the rules of the employee stock options game. At the behest of SEC chief accountant Conrad Hewitt, companies will now be allowed to value options using market systems rather than fixed formulas. Hewitt’s aim - more accurate pricing of employee stock options - is laudable. Whether the change will achieve that goal or merely provide companies with another way to manipulate earnings remains to be seen. But one thing seems clear: the change is a big win for Wall Street and Silic...