"Greedy Bastards" is the conventional saying. The truth, however, is quite different. I talked to a friend that had just left a nice job to work for AIG. "Are you crazy ?"
No one changes a secure job to go to a failed company. He tells me that AIG is quite solvent, the bailout money actually is more than it needs, and management's big worry now is retaining talented management, specially the newly hired that are not part of the mess.
These newly hired were attracted by offering base salary, and a guaranteed bonus for the first years, otherwise they would have stayed out. You would have done the same.
But the good news, if my friend is to be believed, is that AIG is thinking ahead, not being greedy and taking the spoils.