Excerpt: The FASB severely restricted issuers' ability to 'reprice' options with its release last March of FASB Interpretation No. 44 (FIN 44).... Despite this rule, over the past year issuers whose stock price has declined and whose employees hold 'underwater' options ... have found ways of providing nearly the same economic benefit to optionees without adverse accounting consequences and, in many cases, without additional dilution.  MORE >>