An A.I.G. Exec Quits in Public on Pages of New York Times

The New York Times has published an Op-ed written by Jake DeSantis. It's actually his letter of resignation submitted to Edward M. Liddy, the chief executive of A.I.G. Mr. DeSantis is or was an 11 year employee of the company and an executive vice president of A.I.G.'s financial products unit.

Not having been personally involved in the unit that brought A.I.G. to its knees, DeSantis expresses a sense of betrayal by the company and Liddy after they suddenly reversed themselves on employment contracts and retention payments negotiated last year.

After 12 months of hard work dismantling the company — during which A.I.G. reassured us many times we would be rewarded in March 2009 — we in the financial products unit have been betrayed by A.I.G. and are being unfairly persecuted by elected officials. In response to this, I will now leave the company and donate my entire post-tax retention payment to those suffering from the global economic downturn. My intent is to keep none of the money myself.

Read the full Op-ed, Dear A.I.G., I Quit!

Vested Title Inc.
648 Newark Avenue, P.O. Box 6453, Jersey City, NJ 07306
Tel 201-656-9220 - Fax 201-656-4506
E-mail vti@vested.com - www.vested.com

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Vested Title Inc., 648 Newark Avenue, P.O. Box 6453, Jersey City, NJ 07306.
Tel 201-656-9220. Fax 201-656-4506. E-mail vti@vested.com

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