The option for honesty
This little step toward real numbers can only help with that little trust issue with investors, which was punctured along with the stock market bubble.A fresh and firmer foundation can only help the markets in the long run, as they regain their strength and progress on sounder footing again.A short list of pacesetters who seem to agree with this logic is impressive. Coca-Cola, General Electric, General Motors, Proctor & Gamble and Citigroup are among the behemoths committing to counting the options as expenses.What answer can we give Intel’s Andy Grove and his arguments that expensing options is a big mistake? Other than he and his chief financial officer are wrong that this is about sticking it to executives, hurting the common worker and the cost already is properly accounted for in the earnings per share?This is about rebuilding trust in companies and their numbers. An obvious expense should very clearly be treated as such.And what’s good for the nation’s investors is good for General Motors.High hopesWe’re heartened for the moment with Attorney General Ken Salazar’s expressions of confidence that at least one State Land Board tract in the Edwards area will remain open space.He said during a campaign stop at Fiesta’s the other day that he was upbeat about negotiations to set up a conservation easement for land owned by Dick Scudder and the Webster estate, along with the Arrowhead state land tract that Robert Brotman covets for trophy homes. This would be the biggest open space coup in the county since Fred Kummer was persuaded to part with about 1,500 acres once earmarked for a ski resort along East Brush Creek near Yeoman Park.Sponge Bob?The state will try to see whether eating deer or elk will rot your brain. The question is frightening, and not merely for the families of hunters. The risk of contracting Creutafeldt-Jakob disease, which turns human brains to sponge while killing the patient, is so rare here it defies research into how it works. This is the disease that kills about 60 people a year in the United Kingdom who have eaten the meat of cattle infected with mad cow disease. Officials will scour 30 years of death records to see if they find any link to CWD. Implications for hunting are dire if they find one. D.R.