News First

continued from Part 1:
Here is the continuation of the resignation letter sent to Edward Liddy at AIG from Jake DeSantis:
My guess is that in October, when you learned of these retention contracts, you realized that the employees of the financial products unit needed some incentive to stay and that the contracts, being both ethical and [...]

Jake DeSantis Resignation Letter – Here is the resignation letter from Jake DeSantis at AIG in its entirety sent to Edward Liddy on March 24, 2009.

Jake DeSantis Resignation Letter
Dear Mr. Liddy,
It is with deep regret that I submit my notice of resignation from A.I.G. Financial Products. I hope you take the time to read this [...]

AIG Awards Huge Bonuses – Bailout poster child AIG announced it will pay out huge bonuses including $150 million to its AIG Financial Products unit that sold the credit default swaps that caused its financial collapse.

American International Group also said it gave its executives tens of millions of dollars in new bonuses even though it [...]