Dear A.I.G. I Quit

The number one read story on the NY Times yesterday was a letter written from a A.I.G. exec to CEO Libby announcing his registration.

http://www.nytimes.com/2009/03/25/opinion/25desantis.html

It is important to note that the bonuses for A.I.G. represent 1% of the money we have given to A.I.G.

This is not a justification of the bonuses but it is important to not lose sight of the other 99% by focusing entirely on the bonuses to executives, many of whom who are not responsible for the devastation that A.I.G. perpetrated.

The real issue is our attempt to create a Wall Street that awards compensation on long term performance rather than short term profits. Our generation has an unbelievable opportunity to shape regulation that creates long term stability and fairness in our economic system. Here's to the hope that we do not waste the opportunity by focusing solely on executive bonuses.