AIG is either A. Trying to make its employees feel better about the fact that, thanks to Attorney General Andrew Cuomo, they'll no longer be enjoying stuff like facials, hunting trips, and everything else that makes life worth living or B. Adopting a dress code that reflects the prevailing sentiment over on Pine Street of just not giving a fuck anymore.
[For the blind: "I am pleased to announce that effective Friday, October 24 we will be initiating business casual year-round. Please use good judgment and refrain from wearing items inappropriate in a business environment, especially when meeting with key people, which may warrant more formal attire."]
Related? A.I.G. to Suspend Millions in Executive Payments [Dealbook]