Hot off the presses, here's the report from the accounting gods (by which I mean the Public Company Accounting Oversight Board) on how companies can properly value and expense employee stock options. Though these guidelines are expressly for public companies, one can expect that many private businesses will adopt similar guidelines voluntarily, whether they hope to go public some day or if they are angling to be acquired by a larger company. What do you think? Does anything jump out at you as either very smart or cause for concern?