There are only two reasons to write a book: the first is because you have a particular knowledge or expertise, and the second is because you feel passionately about something. Such are my reasons to write this book.I have been a consultant in the field of executive compensation for 20 years. I have seen the use of stock options rise as an ever- increasing part of executive compensation. Now we’re faced with a watershed event. Nearly a decade after a failed attempt to change the accounting rules, it appears as though Corporate America will be faced with the necessity to expense options. As this book goes to press, the Financial Accounting Standards Board (FASB) and its London-based counterpart, the International Accounting Standards Board (IASB), are drafting and finalizing proposed rules that will require stock options to be expensed.