AIG Gives Greenberg Options Worth Millions

NU Online News Service, April 6, 2:40 p.m. EDT?Insurance giant American International Group Inc. posted a record $9.27 billion profit in 2003, up 68 percent from $5.52 billion for the previous year, and compensation for company chairman Maurice Greenberg jumped as well.[@@]

In the AIG proxy statement filed this week with the U.S. Securities and Exchange Commission, Mr. Greenberg's annual salary stayed level at $1 million for 2003, but his bonus and stock options soared.

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