As far as i remember (but i can be wrong, i've read it a lot of times ago), was choosen that symbol for emphasize the fact that the light was coherent (horizontal arrows, parallel to the plane, opposite to "generic" light emission indicated from inclinated arrows for leds), and that the light emitted is polarized (the horizontal bar across the diode symbol).
Well, i don't know what the inventor was thinking, so that may also be correct