What did we learn from the stock compensation project?

The chairman of the Financial Accounting Standards Board (FASB) discusses what was learned as a result of the FASB's stock compensation project. The chairman was disappointed that so many parties chose to run to Washington when they did not like the direction in which the FASB was headed on its stock compensation project. FASB learned that in the early phases of its projects, it should do a better job of communicating what it is doing than why it is doing it.