AIG executive resigns on NY Times op-ed page

[merig00]

CHARLOTTE, N.C. – An American International Group Inc. executive who received a bonus worth more than $742,000 after taxes has resigned publicly — in an Op-Ed column in The New York Times.
Jake DeSantis, an executive vice president at AIG's Financial Products division, said Wednesday he's leaving the company and will donate his entire bonus to charity. The letter, addressed to AIG's CEO, Edward Liddy, criticized Liddy for, among other things, agreeing to the payments but then calling the bonuses "distateful" as he testified before disapproving members of Congress.
New York-based AIG has been criticized for awarding $165 million in bonuses to employees of the financial products division, a global unit at the root of AIG's downfall.

Man got some balls and principles! Good for him.

The full article can be found - HERE

UPD. More employees leaving AIG

Comments

[oswid.livejournal.com]

Крутой мужик.

[merig00.livejournal.com]

я апдейтнул пост - добавил ссылку на сам текст обращения

[oswid.livejournal.com]

Молодец мужик.

[redheadrat.livejournal.com]

от коментариев хочется блевать

[merig00.livejournal.com]

угу... я изначально запостил без ссылки на НУПравду но потом всетаки решил добавить ибо письмо хорошее

[redheadrat.livejournal.com]

comments are locked

The funny thing is that not a single soul said that the bonuses have been largely calculated a year ago. And that most have been accrued in 2007, so this is not a bottom line altering transaction, it is only about the cash.