In case you missed it, one of the recipients of the AIG bonuses, Jake DeSantis, turned in his resignation. DeSantis had been working for almost no pay ($1) with the promise that he would be compensated for 12 months of work all at once - compensation which may now be taxed at nearly 100%. His resignation letter, printed in the New York Times, chides AIG's corporate leadership for lacking backbone and accuses the attorneys general of New York and Connecticut of abandoning their oaths to uphold the law.
Wednesday, March 25, 2009
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