The newspapers do not care about this. A great majority of the people getting laid off are certainly over 40 as they are making a good salary. I have seen this throughout my years at this company. Most of them will not be replaced and if they are they will be replaced will recent college grads at a fraction of the cost. This is the new way of doing business at AIG. They are loosing a lot of talent and you can not put a price on that as you well can see.
What @VlfJ07I-wyl said is true. The main goal of layoffs at AIG is to get rid of people who earn the most. The company wants to save the most money it can by disregarding the fact that getting rid of its best people will cost it dearly in the long run. Not to mention that this is clear cut case of age discrimination. But as it was stated, the media simply doesn't care.