This book was written after FASB released its proposed FAS 123 revision Tin March 2004. As one of the valuation consultants and FASB advisors on the FAS 123 initiative in 2003 and 2004, I would like to illustrate to the finance and accounting world that what FASB has proposed is actually pragmatic and applicable. I am neither for nor against the expensing of employee stock options and would recuse myself from the philosophical and sometimes emotional debate on whether employee .
