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[SkeBallLarry]

Opinion >> Microsoft is opting out of options.

Its employees will now get outright grants instead.

Mister Softy will expense these grants.

My reaction is "fine, at least the company will know at what price to expense the grants."

My real problem is this: all of that makes it look like it is a company expense.

IT IS NOT, IT IS A SHAREHOLDER EXPENSE!!

A company granting grants or options is costing the shareholder money, not the company, by diluting its base.
As long as we persist in this argument about to expense or not to expense, the real point is missed.
Shareholders should insist on companies' full and fair disclosure of options or grants and they should insist on the companies imputing the earnings per share based on that.