Business Services Industry
Kansas City, Mo.-Based Bank Treating Stock Options as Expenses.
Knight Ridder/Tribune Business News, February, 2003
By Patrick L. Thimangu, St. Louis Post-Dispatch Knight Ridder/Tribune Business News
Feb. 7--Commerce Bancshares Inc. has joined other American companies that have begun treating stock options as expenses.
Commerce, parent company of Commerce Bank, announced this week that it will make the accounting changes, beginning in the first quarter. As a result, the company will restate its earnings for the last three years and reduce its basic and diluted earnings in each of those years by 5 cents a share.
Commerce's move follows decisions by more than 100 other U.S. companies to begin considering stock options as expenses. Stock options -- often given to directors and employees of a company as part of compensation or incentives -- allow...
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