From Reuters: “FASB Delays Options Expensing Rule.” The article reports:
Bowing to corporate pressure, the group that sets standards for the U.S. accounting industry said on Wednesday it postponed the implementation of compulsory expensing of employee stock options by 6 months, to June 15, 2005. . .A spokesman for FASB said the body voted in favor of a delay after receiving complaints from several companies that said their internal systems and procedures would not be ready by year end to implement the rule.