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The "news" reports that is contractual bonuses that were contracted before the plunge and TARP and bailouts, etc...
This is contractual, they have to do it.
OTH, if I were at the helm of AIG, I'd be telling folk you can have part of your bonus & a pinkslip through that door or you job and no bonus through that door. No its not fair but it really is not fair to the people that are paying for this bailout.
Oh, wait a minute, we're not paying for it, China is. And they are already publibly berating the US to make good on it, and they are tired of reaching into their pockets. Just in time for China to be flexing their muscles in a maritime lebensraum.
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