AIG


Jake DeSantis gives Edward M. Liddy a piece of his mind in this resignation email printed in the times today. I don’t agree with all of it - namely that he’s going to give all the money to charity, and that he thinks perhaps he had been overpaid to begin with. But he basically calls Liddy a spineless liar, and there’s a nice little jab at Andrew Cuomo too, that witch hunting dickface!

Listen people. When you take a job, you agree to a certain salary, and even when you make mistakes, you’re still entitled to your paycheck. Remember, “80 percent of success is just showing up.” These AIG execs came to work, and in that way they were very very successful. If a waitress spills some coffee, should she expect to not get paid? Of course not!! That’s ridiculous. She showed up for work, and sure, she may not be good at her job, but that’s not the point. Not everyone is great at what they do, but a deal’s a deal. Show up for work, and we’ll pay you, whether it’s $8.50 and hour for incompetent waiting, or $165 million in bonuses for incompetent investing. The principle is the same. Sure, these AIG guys helped precipitate the worst economic collapse in more than half a century, but again, that’s not the point. The point is, a deal’s a deal! This populist outrage is downright moronic.