Friday, March 27, 2009

Dear AIG: I Quit!

I'm surprised no one has posted a link to this yet--some great stuff here. An former AIG financial products unit exec published his resignation letter to his boss in the New York Times, explaining that he felt betrayed that the company capitulated to public pressure over the bonus issue. The real treat is in the comments section, where the Times has selected a number of very thoughtful reader opinions on entitlement and responsibility. It makes for good reading on a surprisingly complex topic--undoing government contracts in a kneejerk fashion is terrible policy, but it's hard to feel sympathy for a member of a knowingly overpaid industry expressing anguish over money when so many others have been hurt by this recession to a much greater degree.

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