Samara O'Shea

Now THAT’S a Resignation Letter

Jake DeSantis writes a resignation letter to Edward M. Liddy, President of A.I.G.

The letter is certainly noble in some ways, but it’s also frustrating. I don’t think that Mr. DeSantis is responsible for the implosion of A.I.G., but he has to know how this looks on the outside. He is very hard on Mr. Liddy without acknowledging what a difficult place the A.I.G. President was in. We, as outsiders, have no idea what’s going on inside A.I.G., and it does look awful when a company almost collapses and then hands out bonuses. A bonus is what you get for a job well done. That is my elementary understanding of bonuses. How are we to know who is and isn’t doing their job? Had Mr. Liddy come out and said, “I’m still giving bonuses to the people who are keeping the company afloat. I’m sorry if you disagree, but that’s my final word.” Then there would have been just as much if not more public outrage. I think it makes perfect sense that Mr. Liddy was pressured into requesting the bonus money back. I am sorry for Mr. DeSantis’s situation, especially if he was playing by the rules all along. This letter is a good look at the other side of the coin.

This is my favorite passage:

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.

I like the analogy.

Gawker does not.