Jake DeSantis, a former A.I.G. executive, wrote a letter of resignation to company CEO Edward Liddy. He also gave it to the New York Times for an Op-Ed piece. It’s a lucid take on what some hard-working and guiltless employees have suffered through in the past year. DeSantis was asked to work for $1 a year to help fix the problems that some former employees caused. He was repeatedly reassured that he would be compensated for the 14 hour-days he logged. Now those contracts won’t be honoured. He won’t give the money back, but he vows to donate 100 per cent of his ‘retention payment’ to charities helping people who have suffered in the downturn.
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