In today’s NY Times op-ed section, AIG exec Jack DeSantis, submitted his letter of resignation to AIG CEO Edward Liddy.

Click to read Jack DeSantis’ op-ed

After reading this op-ed, and learning that the recent protests in front of AIG executives’ home were sponsored by ACORN, I am cheering for the little guys at AIG, especially Jack DeSantis.

Read his letter, and discuss.

Comments

  • Alaina

    As some of you know, I do consulting work for Wall Street firms and know a few of the people who received bonuses.

    Almost all of them deserve the bonuses. They work hard, long hours and then spend an hour or two commuting home each way. They’re smart, educated people who deserve what they earn. It absolutely infuriates me that they’re being treated like this, by government officials nonetheless.

  • Kristen

    So, what about Article I, Section 9 of the United States Constitution which bars the passage of any ex post facto law……legislation meant to punish someone after the fact for conduct which, at the time in question, was not unlawful? That confiscatory 90% tax is unconstitutional. Where’s the outrage on that?

    Like I said before: The White House must be missing its copy of that.

    • Gil Rice

      The White house is missing a lot more than that these days!!!!

    • JE

      Come on Kristen, that constitution stuff is so 20th century! Come join the New World Order with the rest of us!
      Oh, and watch talking about the constitution. The Missouri law enforcement say that quoting the constitution is a sign that you may be a militia terrorist.

      • kristen

        I know, I know. That document is so antiquated. ;-) We really should listen to Hugo Chavez and join him in his quest for socialism (and world domination).

        • JE

          We prefer the term ‘global cooperation’. It is OK, you will learn. :)

          • kristen

            Oops. Gotta be PC!!

    • Sartho

      Which lends the question about where’s the judicial branch here??? Isn’t it their JOB to uphold the Constitution??? At least there’s better chance those folks have read it than Congress or POTUS.

      • JE

        Actually, the judicial branch interpret the laws. Enforcement is under the executive branch which would be Zod, himself. Soon he will appoint a couple of justices so that the majority will kneel and interpret the law however he tells them too. He is, after all, a constitutional scholar (and thus knows well how to circumvent the document)

        • Sartho

          Well, there goes the little string of hope I was still clinging too. Thanks JE. ;)

  • JE

    I want to know when ACORN will start picketing in front of the homes of the ‘evil’ welfare recipients who are taking government handouts. Oh wait, ACORN was specifically given millions in the bailouts and they target poor folks to use in their scams. Where is the outrage for that?

  • Gil Rice

    As a retired conservative old curmudgen, I have worked for hourly wages, salary, salary plus bonus , commission only and contracts.Never in my life have I ever seen anything as crazy as what is going on in this AIG mess. These people, such as Mr. DeSantis have earned this money and do not need to feel the least bit guilty about taking it. If our elected officials, left or right, think they have the right to tax or take away leagally earned wages, what has happened to the USA that I live in?I really hate to admit it, but somewhere like Costa Rico looks better all the time.

    • Brian H

      We should begin holding the salaries of congress to the same standards they want to impose on others.

      • Gil Rice

        How can we do that?

        • Brian H

          Dont think you can. Just a dream I had.

          • Sartho

            If we could find people to elect to Congress to write and pass a bill then it would be possible. But might as well keep dreaming.

  • Sartho

    While us “little people” might have a hard time being sympathetic for those who make a whole lot more money than us, it still doesn’t justify any of what has happened. From the first day the government stepped in, it’s just been a disaster. I hope every day that our country’s future leaders will learn from all of this so they don’t repeat the same blatant mistakes.

    I really enjoyed his letter of resignation. It was well thought out, fairly non-accusatory, and really provided a new perspective compared to the “Evil AIG Employee” one we’ve seen all over the media.

  • Pat

    I wish I was a little guy potentially getting more than $700,000 in after tax cash. Doesn’t sound too little if you ask me.

    I how much cash this guy got during his years at AIG.

    • http://scottslant.blogspot.com/ Scott A. Robinson

      Is “how much” relevant if this individual earned it, or even at a higher level, if the organization agreed to pay him that particular amount?

    • JE

      This person turned down better job offers based on the promise of a large bonus at a later time (basically receiving a large part of his agreed upon income in a lump sum). Would any of us who worked for a someone and then didnt get paid what we were promised not feel the same way?
      I am alot more concerned about what happened to the other 99.8% of the bailout money AIG recieved than the 0.2% that went to these bonuses. Basically this is a big diversion so we will get riled up about these bonuses and not notice all the other crap the government is doing. How about $900 billion to Hamas? America is in trouble, the sheep are turning into lemmings.

    • http://www.sotr.us Cordeiro

      Well, Pat, it seems to me there’s an opening for an Executive Vice President of Financial Products at AIG. Go ahead and put your resume in.

    • Brian H

      I bet you also wish you were a graduate of M.I.T. If you were, as with me, we would not need to feel insecure and jealous because we, too, could earn $700,000.00 after taxes.

      Mr. DeSantis should be admired for his success. The only thing I am jealous about is that he obviously made decisions in his life that allowed him to benefit from his tireless hard work and education. People like Me. DeSantis will be the examples I use when raising my own children in hopes of their potential success, not the “Looters” and “Moochers” who believe they are entitled to the products of someone elses success.

  • Stephanie

    I wonder if Chris Dodd’s house will be featured as part of the tour. It’s only fair for the people to see the humble abodes of everybody involved.