- 'Expect to Hear Lots of Complaining,' writes Adam Raymond for New York Magazine. Also, he notes, "Just in case this doesn't piss Bonus Buster Andrew Cuomo off enough, A.I.G. will hand out more bonuses next month."
- 'A.I.G. = A.N.G.E.R.' Time's Mark Halperin informs readers. He declines to comment further.
- Virtuous AIG "They'd like everyone to be impressed that they reduced the bonus number by $20 million," points out Americablog's Chris Ryan. "Impressed?"
- Says Two Things, explains 24/7 Wall St.'s Douglas McIntyre, who as of this posting appears one of the few interested in actually analyzing the move. "The first is that managements at these banks are willing to defy the sentiments of the government and taxpayers by rewarding themselves for what they see as tremendous returns to their shareholders, the taxpayers be damned. The second is that banks may actually believe that if they do not take care of their best talent that these people will leave for hedge funds, private equity firms, or foreign banks."
Want to add to this story? Let us know in comments
or send an email to the author at
hhorn at theatlantic dot com.
You can share ideas for stories on the Open Wire.
Heather Horn



User Comments
Please type your comment and click Post. If you’re not already logged in you will be prompted to log in or register