American International Group Inc said it will begin treating stock options as an expense from the beginning of 2003.
Chief Executive Maurice Greenberg had said last month when the company announced second-quarter results that AIG would have no concerns for a formal accounting policy mandating the expense of stock options.
The impact in 2003 of expensing stock options is thought by the firm to be at less than one cent a share.
Topics AIG
Was this article valuable?
Here are more articles you may enjoy.
South Florida Police Officers Sue Actors, Say Details in ‘The Rip’ Are Too Real 
Hedge Funds Make Their Move as Litigation Finance Assets Slump 
Ex-NFL Player Sentenced to 16 Years in Prison for $200M Medicare Fraud Scheme 
Viewpoint: ‘Big Tobacco’ Moment for Cannabis – What to Know About Murray v. Cresco 
