Question
The video Bigger Than Enron discusses the employee stock option (ESO) controversy in the 1990s.More accurately, the controversy was more on the topic ofexecutive stock
The video Bigger Than Enron discusses the employee stock option (ESO) controversy in the 1990s.More accurately, the controversy was more on the topic ofexecutive stock options.(1) Explain what the ESO rule was in place (APB Opinion 25) and what rule was proposed that created the problem.(2) Explain why the FASB advocated this new rule. (3) Briefly explain why executives opposed it. (4) Briefly explain the role Congress (not the SEC) in this chapter (ESO) of accounting history. The video link is below:
https://www.youtube.com/watch?v=3c7xs2CiW3A
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