Last month, the company announced it would move some of its accounting charges to different quarters in response to regulators' concerns.

An accounting charge cut the net of the quarter a year earlier to $21.9 million, or 56 cents a share.

They do not want regular stock options to cause an accounting charge.

But the jury also found him not guilty of "false accounting" charges.

The 1992 deficit was a result of an accounting charge for retiree-health benefits.

In the quarter a year ago, the company took an accounting charge related to retiree benefits.

Most of that came from a $20.8 billion one-time accounting charge for retiree health benefits.

Equitable Life said it lost $898 million last year, citing a large accounting charge.

The company said its operating profit, excluding certain accounting charges, rose 31 percent, to $719 million.

The utility said it expected lower income because of an accounting charge.