AIG exec chooses unorthodox way to resign

March 25, 2009 – 9:08 pm – No Comment

Jake DeSantis, an executive vice president at AIG’s Financial Products division turned in his resignation letter today after being one of the company’s executives to receive a bonus worth over $740,000 after taxes.

It’s fine that he resigned, after all, it will likely take some of the heat off of him. However, the forum he chose to resign is a bit odd.

In a letter to the New York Times Op-Ed column, DeSantis gave his resignation letter.

In the letter he basically said that the Financial Products division was duped by the rest of AIG and that elected officials are after them because of it. He went on to say, “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.”

If there was a bounty on my head from the court of opinion, I would likely choose the same very open and public way to resign. Good job Mr. DeSantis, but next time take some of the blame too.