Political Quotes

“I oppose the amendment which is before the Senate, which is aimed at blocking the proposed stock option accounting reforms that have been proposed by the independent accounting board which is in charge of accounting rules. Over the last few years, I have spent a lot of time learning about stock options. They are complicated to understand and complicated to explain. I am convinced, however, despite the well-meaning intention of my colleagues and despite some of the rhetoric relative to the involvement of small business in this whole effort, that this resolution, if adopted, would put the Senate on the record against honest accounting. And that is what the issue comes down to--simply honest accounting rules; and, who is going to make the decision on those rules, political bodies or independent accountants? The way I got into this issue was through the controversy over the high levels of executive compensation that were being paid to CEO's of American corporations, as compared to what their workers were making, as compared to what the cost of living was doing, as compared to CEO's elsewhere in the world.”