SOURCE: Federal Reserve Bank of Richmond

February 28, 2007 18:21 ET

Options on the Outs

RICHMOND, VA -- (MARKET WIRE) -- February 28, 2007 --Stock options can align employee and shareholder interests. But they aren't free to issue, despite the way firms have been allowed to report them -- until now. In the cover story of the Winter 2007 issue of Region Focus, Doug Campbell explains how economic and accounting principles are finally merging with the adoption of a new financial reporting rule.

Also in this issue:

--  Phoning It In: Telecommuting hasn't become the commonplace work
    alternative its advocates anticipated. But the flexibility it offers has
    helped many companies and employees.
--  Bringing in the Unbanked: If banks want business from Hispanics, they
    must show that the actual benefits of opening an account are larger, and
    the costs smaller, than perceived.
--  Milton Friedman and Liberty: A former student of Friedman's says the
    late economist's ideas remain essential if we wish to see a free,
    prosperous, and peaceful world.
--  Interview: Robert Fogel, economic historian and co-winner of the 1993
    Nobel Prize in economics.
Region Focus, a quarterly business magazine published by the Federal Reserve Bank of Richmond, covers the economy and business activities of the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia.

For free copies of Region Focus, contact the Bank's Public Affairs Department at 804.697.8109. The articles are available online at

Contact Information

  • Contact:
    Aaron Steelman
    Region Focus
    Phone: 804.697.2658
    Federal Reserve Bank of Richmond
    Email Contact