Tuesday, July 16

Practice What You Preach - In the fine bloggist tradition, allow me to bash the NY Times. On a day when the Internet content juggernaut released its second quarter earnings, the editorial staff of its flagship paper issued a broadside against the Congress for not overruling the prevailing accounting of stock options. (In brief, the eds want companies to expense stock options used as employee incentives, which would of course reduce corporate earnings.) But -- wait for it -- here's the kicker: a review of the gray lady's recent SEC filings shows that they don't do it either. Now, making the change is particularly painful for technology companies, but wouldn't it be nice if the Times could put its money where its mouth is?