AIG To Begin Expensing Stock Options: Insurance and financial services concern American International Group Inc. has joined a growing list of Fortune 500 companies that have said they will begin expensing stock options. The company said that it would begin reporting the value of its employee stock options as an expense beginning next year. The company, however, said that it would have a scant impact on earnings, pointing out that had the company expensed options in 2001, it would have reduced its EPS by just 5 cents. In recent weeks, other companies, such as General Electric, Bank One Corp., Coca-Cola Co. and Procter & Gamble Co. have said that they will begin expensing options.

Report: CFO Salaries Diving, But Still Not Bad: The annual salaries of chief financial officers at the nation’s top companies took a southward turn this past year, as stock option values plummeted and non-cash perks dried up, according to an annual report by CFO.com.

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