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- Summary Results of Corporate Venture Capital Compensation Practices Survey
- In the spring of 2000, Frederic W. Cook & Co., Inc. undertook a survey of compensation practices for employees responsible for the venture capital investing activities of their corporations. The survey intentionally excluded financial services companies (i.e., investment banks, commercial banks and insurance companies) that have long-standing venture capital and...
- White papers 2000-01-01
- FASB On Stock Compensation Project II
- The Financial Accounting and Standards Board FASB has given stock operation project. Concurrently, the International Accounting Standards Board IASB has been busy deliberating the comments received. Share-based Payment. Importantly, the FASB and IASB are converging on various items critical to the stock-based compensation issue. This letter is intended to brief...
- White papers 2003-06-25
- Board Of Director Compensation II
- Total board compensation is increasing. In particular, we see increases in committee meeting fees and chairperson fees to reflect the additional time commitment required at the committee level. In addition, we see companies establishing a lead director role on the board to reinforce board independence where the CEO also is...
- White papers 2003-05-05
- Stock Compensation Project II
- The Financial Accounting Standards Board FASB, after reviewing constituent responses from its recent Invitation to Comment, decided at its meeting on March 12, 2003 to begin immediately a new project on accounting for employee stock options and other stock-based compensations. The FASB decided it would conduct the project in full...
- White papers 2003-03-17
- Complexities of Executive Compensation Reforms
- The continuing and increasing debate over how to account for stock options had Strong proponents on both sides in 2002. There seemed to be as many arguing to account for stock options as an expense as there were arguing against it, although the pendulum appears to be shifting towards those...
- White papers 2003-03-17
- Accounting For Stock Based Compensation
- The Financial Accounting Standards Board FASB on December 31, 2002 issued a final standard in connection with its limited-scope fast-track project. Final standard is referred to as FASB Statement No. 148 (Statement 148). Concurrent with the adoption of Statement 148, the FASB announced that it plans to undertake a...
- White papers 2003-01-13
- Stock Options At The Top
- The following article shows distribution of stock option awards at the 250 largest U.S. companies. The highest ownership was at Concord EFS where the top five executives held approximately 73% of options outstanding. At this company, the CEO and President have special five-year incentive agreements that provide for substantial stock...
- White papers 2003-01-10
- http://www.fwcook.com/alert_letters/7-14-03%20OVG%20letter.pdf
- This article tells about Option Valuation Group OVG. Most OVG members admitted a bias for grant date measurement. The only exception is for performance vesting conditions stated in terms of a stock price or intrinsic value goal.
- White papers 2003-08-06
- Compensation and Its Related Interpretations
- This article tells us about the objectives of Frederic W. Cook & Co. The objective is to add value to our clients' compensation programs through an independent viewpoint that balances the design and competitive level of compensation with its resulting impact on shareholder-value creation. The consultants are widely recognized as...
- White papers 2003-01-22
- Executive Compensation
- The shareholder approval requirements applicable to equity compensation plans. The proposal would modify the current rules to require shareholder approval of all Equity compensation plans. There is concern among shareholders that their investment stakes may be overly diluted due to equity compensation plans that do not fairly represent their interests....
- White papers 2002-06-27
- Equity Compensation Programs
- Securities and Exchange Commission SEC would be useful to executive compensation practitioners, specifically whether and how the following equity compensation transactions would be reported. It includes cashless exercises of options and immediate sale of shares, Exercise of options using a stock-for-stock exercise, Grants of reload options, Modifications of option contracts...
- White papers 2002-08-02
- Accounting For Employee Stock Options
- There is no issue or debate about how the value of outright grants of stock, restricted Stock or deferred stock should be accounted for. Expense is measured by the stock's intrinsic value at grant, without regard to the negative effects on value of non-transferability and forfeitability provisions, and amortized over...
- White papers 2002-02-05
- NYSE Releases Shareholder Approval Requirements II
- The New York Stock Exchange has released its long-awaited final rules regarding shareholder approval requirements applicable to equity compensation plans. The final rules shift the balance of power regarding share dilution away from the Board of Directors in favor of shareholders by confirming several expected changes to existing provisions, including...
- White papers 2003-07-07
- Jobs And Growth Tax Relief Reconciliation Act Of 2003 II
- On May 28, 2003, President Bush signed into law the Jobs and Growth Tax Relief Reconciliation Act of 2003 JAGTRRA. The Jobs and Growth Tax Relief Reconciliation Act of 2003 reduced the top individual tax rate on capital gains and dividends to 15%. However, these changes will have a limited...
- White papers 2003-07-07
- IRS Proposes New Regulations For Incentive Stock Options II
- The IRS proposed regulations on the treatment of ISOs and options granted under Employee Stock Purchase Plans ESPPs that are largely the same as the previous rules. The new rules specify that ISOs may only be granted from a plan that states the maximum number of shares that may be...
- White papers 2003-07-18
- Valuation of Employee Stock Options
- The long-term nature of employee stock options places a premium on the volatility assumption. Option Valuation Group OVG members do not support the use of a single estimate of volatility but rather an initial estimate based on implied and historical volatility and the use of a stochastic process to account...
- White papers 2003-08-08
- Microsoft's New Stock-Compensation Program
- Microsoft's recent announcement that it will no longer grant stock options to its employees and will allow underwater options to be sold has created a great deal of interest in the business community. This letter outlines the program changes, discusses several issues and presents the pros and cons of such...
- White papers 2003-07-31
- IRS Proposes New Regulations For Incentive Stock Options
- The IRS proposed regulations on the treatment of ISOs and options granted under Employee Stock Purchase Plans ESPPs that are largely the same as the previous rules. The new rules specify that ISOs may only be granted from a plan that states the maximum number of shares that may be...
- White papers 2003-07-18
- Jobs And Growth Tax Relief Reconciliation Act Of 2003
- On May 28, 2003, President Bush signed into law the Jobs and Growth Tax Relief Reconciliation Act of 2003 JAGTRRA. The Jobs and Growth Tax Relief Reconciliation Act of 2003 reduced the top individual tax rate on capital gains and dividends to 15%. However, these changes will have a limited...
- White papers 2003-07-07
- NYSE Releases Shareholder Approval Requirements
- The New York Stock Exchange has released its long-awaited final rules regarding shareholder approval requirements applicable to equity compensation plans. The final rules shift the balance of power regarding share dilution away from the Board of Directors in favor of shareholders by confirming several expected changes to existing provisions, including...
- White papers 2003-07-07
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