AIG exec offers scathing public resignation, rips management and congress

Don’t get on the wrong side of Jake DeSantis, an executive vice president at A.I.G. Well, to be more precise, Jack’s a former executive vice president, because he just publicly resigned in a scatching op-ed piece in Tuesday’s New York Times.

He said “we in the financial products unit have been betrayed by A.I.G. and are being unfairly persecuted by elected officials.”

“I take this action after 11 years of dedicated, honorable service to A.I.G. I can no longer effectively perform my duties in this dysfunctional environment, nor am I being paid to do so. Like you, I was asked to work for an annual salary of $1, and I agreed out of a sense of duty to the company and to the public officials who have come to its aid. Having now been let down by both, I can no longer justify spending 10, 12, 14 hours a day away from my family for the benefit of those who have let me down.”

He continued:

“We have worked 12 long months under these contracts and now deserve to be paid as promised. None of us should be cheated of our payments any more than a plumber should be cheated after he has fixed the pipes but a careless electrician causes a fire that burns down the house.”

But the part we loved most was when DeSantis said he would not return his $742,006.40 bonus. Instead, he said he’ll donate ever after-tax dollar to charity because he doesn’t “want to see them disappear back into the obscurity of A.I.G.’s or the federal government’s budget.”

When Jack is making those charitable donations, we hope he remembers the IHateTheMedia.com Fund for Undercapitalized Bloggers.

It’s for the children.

Source: New York Times via CBS News