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From the New York Times:
Washington Post Co will follow advice of investor Warren E Buffett, its largest outsider shareholder, by accounting for stock options as operating expense; chief executive Donald E Graham comments; company's 2000 net income of $136.5 million would have been reduced by $3.8 million, or 2.8 percent, had it recognized options as compensation expense
Bank One Corp. announced yesterday that it will deduct the value of executive stock options as an expense, becoming the third major company in as many days -- and the first major banking firm -- to take such action.
Coca-Cola Co. and The Washington Post Co. -- both of which have billionaire Warren E. Buffett, an advocate of counting options as expenses, on their boards -- said this week that they will begin expensing them. AMB Property Corp., a San Francisco real estate company, said last week that it will do so. Boeing Co. and Winn-Dixie Stores Inc. already treat options as an expense. Many others companies are discussing the issue, Wall Street sources say.