Political Quotes

On the recordMay 3, 1994
I agree with the Senator's decision to accept the second-degree amendment of the Senator from Michigan. There is nothing inconsistent with the second-degree amendment and the first-degree amendment, as far as I can tell. We all agree that we want FASB to listen--not to us, but to the hundreds of thousands of people that they are hearing from. I feel so differently from my friend from Michigan, and maybe it is because I come from a State where I have seen the entrepreneurial spirit arising from men and women who are investing their own funds, who are attracting the talent to their companies, because they are able to offer, if you will, a piece of the future action of the company to these people. So they are involved in the company. The Senator from Michigan himself stated, "I like stock options; they are good." He said, "It is not a matter of whether stock options are good. I like them. They are good." When you say that, I think you have to take the next step and say if you like them and think they are good, then why would you be on the opposing side from the Senator from Connecticut and the Senator from California? Because we are saying we like stock options, and we think they are good. We think they act to attract good people to the startup companies and retain them there, where they give their all and feel a part of the company, and we may have a rule here that will hurt those very same companies.…
Said by
Barbara Boxer
Democratic · California

Editor's note · Context

Discussing the implications of stock options during a debate on financial accounting standards.

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