OTHER NEWS - June 30, 1993

Accounting Rules Dispute: As several U.S. lawmakers introduced a bill to block the effort, the powerful group that sets America’s accounting standards plans to adopt today controversial new rules that will make it far costlier for corporations to grant lucrative stock options to their employees. The Financial Accounting Standards Board’s new rules would require companies to deduct the value of stock compensation to executives from profits. But the “equity expansion” bill introduced Tuesday in the Senate would overturn the rule change.