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| U.S. Senate Committee on Homeland Security and Governmental Affairs |
| Permanent Subcommittee on Investigations |
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| Title: Executive Stock Options: Should the IRS and Stockholders Be Given Different Information? |
| Date: 6/5/07 |
| Time (EST): 9:00 AM |
| Place: Dirksen Senate Office Building, Rm. 342 |
| The Permanent Subcommittee on Investigations has scheduled a hearing entitled, "Executive Stock Options: Should the IRS and Stockholders Be Given Different Information?" The hearing is set for Tuesday, June 5th at 9:00 a.m., in Room 342 of the Dirksen Senate Office Building.
The Subcommittee’s hearing will examine the role of stock options in executive compensation; the incidence of stock option abuses; how stock option compensation is reported to stockholders under generally accepted accounting principles versus how the same compensation is reported to the IRS under federal tax rules; the origins, nature, and extent of the resulting book-tax difference; and the policy reasons for continuing or ending the stock option book-tax difference.
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| Hearing
File: EXHIBITS 1-12 (June 5 2007 Exec. Stock Options Hrg) |
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| Member
Statements |
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| Witnesses
Testimony
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Panel 1
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STEPHEN F. BOLLENBACH
[View
PDF]
, Chairman of the Board of Directors
, KB Home
, Los Angeles, California |
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JOHN S. CHALSTY
[View
PDF]
, Chairman, Compensation Committee
, Occidental Petroleum Corporation
, Los Angeles, California |
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WILLIAM Y. TAUSCHER
[View
PDF]
, Member & Former Chairman, Compensation Committee
, Safeway, Inc.
, Pleasanton, California |
Panel 2
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KEVIN M. BROWN
[View
PDF]
, Acting Commissioner
, Internal Revenue Service
, Washington, D.C. |
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JOHN W. WHITE
[View
PDF]
, Director, Division of Corporation Finance
, Securities and Exchange Commission
, Washington, D.C. |
Panel 3
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LYNN E. TURNER
[View
PDF]
, Former SEC Chief Accountant
, Broomfield, Colorado |
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MIHIR A. DESAI
[View
PDF]
, Arthur M. Rock Center for Entrepreneurship Associate Professor
, Harvard University, Graduate School of Business Administration
, Boston, Massachusetts |
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JEFF MAHONEY
[View
PDF]
, General Counsel
, Council of Institutional Investors
, Washington, D.C. |
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