"The program has elements that relate to '04, '05 time period for which we have accrued in '04. And then starting 1/1/05 you have overlapping periods. So you have an '05 through '07 period. So in 2005 you have elements of two different periods of the program that get expensed" - what does this mean?
Does it mean that they are going to combine '05, '06, and "through '07" as a second period "that get expensed" in '05 i.e. they in effect will predetermine and accelerate the next 3 years ('05-'07) of bonuses to be pay themselves bonses in '05 in advance of performance instead of arrears?
This seems to warrant much further and detailed public explanation, IMO.
Anyone?
TIA,
Corp_Buyer
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