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The Human Side of AIG

March 25, 2009

It’s easy to be outraged in light of the AIG bonuses, but I think it’s great that the New York Times published the other–human–side.  I still doubt the extent of the bonuses for many, but it certainly paints a more realistic picture of the situation.  The op-ed is a resignation letter from a Vice President to Edward Liddy.  I agree with the writer that it’s absurd that Attorneys General might release the names of those given bonus from AIG.

I am proud of everything I have done for the commodity and equity divisions of A.I.G.-F.P. I was in no way involved in — or responsible for — the credit default swap transactions that have hamstrung A.I.G. Nor were more than a handful of the 400 current employees of A.I.G.-F.P. Most of those responsible have left the company and have conspicuously escaped the public outrage…

…Like you, I was asked to work for an annual salary of $1, and I agreed out of a sense of duty to the company and to the public officials who have come to its aid. Having now been let down by both, I can no longer justify spending 10, 12, 14 hours a day away from my family for the benefit of those who have let me down.

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