Improve the World With Your Buying Power
AIG Executive Resigns on NY Times Op-Ed Page
An American International Group Inc. executive who received a bonus worth more than $742,000 after taxes has resigned publicly — in an Op-Ed column in The New York Times. Jake DeSantis, an executive vice president at AIG's Financial Products division, said Wednesday he's leaving the company and will donate his entire bonus to charity. The letter, addressed to AIG's CEO, Edward Liddy, criticized Liddy for, among other things, agreeing to the payments but then calling the bonuses "distateful" as he testified before disapproving members of Congress. New York-based AIG has been criticized for awarding $165 million in bonuses to employees of the financial products division, a global unit at the root of AIG's downfall.
I didn't see that one coming.
Comment
About
Videos
Latest Activity
3BL Media, the experts in corporate social responsibility (CSR), sustainability and cause marketing communications, today announced that it has launched 3bl.me, the company’s cause-based URL shortener. For each URL shortened via 3bl.me, 3BL Media wi…
This is terrific! Thanks for sharing!
Thanks for sharing this one, Steve. I hadn't seen it - and it is so in line with the OurWorld way of thinking. And Jared Diamond is a really thoughtful, credible source!
© 2009 Created by Jeff on Ning. Create a Ning Network!
You need to be a member of OurWorld to add comments!
Join this Ning Network