Economics

Atlas, or At Least a Rightly Pissed-Off A.I.G. Employee, Shrugs

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From the resignation letter of AIG employee Jake DeSantis, who received a $742,000 retention bonus (which he is giving to charity) from the company:

As most of us have done nothing wrong, guilt is not a motivation to surrender our earnings. We have worked 12 long months under these contracts and now deserve to be paid as promised. None of us should be cheated of our payments any more than a plumber should be cheated after he has fixed the pipes but a careless electrician causes a fire that burns down the house.

Many of the employees have, in the past six months, turned down job offers from more stable employers, based on A.I.G.'s assurances that the contracts would be honored. They are now angry about having been misled by A.I.G.'s promises and are not inclined to return the money as a favor to you.

More here.

Hat tip: Kim Corwin