Jason DeSantis (above) lives in a house
once owned by Mark Twain
Waaaaaa! AIG Brat Jason DeSantis whines and resigns
New York Daily News
New York Daily News
BY Oren Yaniv, Edgar Sandoval and Helen Kennedy
An AIG exec who got a payout of over $1 million quit his job Wednesday in a huffy public letter that was meant to generate sympathy - but instead landed like a lead balloon.
Jason DeSantis, 39, argued that because he had worked hard and didn't cause the firm's problems, he deserved to get his promised bonus.
"We in the financial products unit have been betrayed by AIG and are being unfairly persecuted by elected officials," DeSantis, vice president of AIG Financial Products for 11 years, wrote to company CEO Edward Liddy.
"I am disappointed and frustrated over your lack of support for us," he wrote. "You didn't defend us against the baseless and reckless comments made by the attorneys general of New York and Connecticut."
The letter was published Wednesday in The New York Times, and DeSantis was greeted with a standing ovation when he walked into his office, according to a source close to the firm.
Connecticut Attorney General Richard Blumenthal wasn't moved. He pointed out that DeSantis glossed over a key fact: Without a massive taxpayer bailout, AIG would have collapsed months ago.
"His company and his contract and his bonus would simply be nonexistent without the taxpayer, and that critical fact is ignored," Blumenthal said.
The letter caused a big ruckus online, where many branded it more unseemly whining from an entitled fat cat who still doesn't understand the pain financiers have wrought.
"Cry me a river," read one typical comment.
Adding insult to injury, DeSantis said he didn't need the money, acknowledged that he was overpaid, and said that he was taking his bonus - "$742,006.40 after taxes" - and giving it to charity instead of back to AIG, as Blumenthal and New York Attorney General Andrew Cuomo have demanded.
"I at least deserve to dictate how my earnings are spent, and do not want to see them disappear back into the obscurity of AIG's or the federal government's budget," he wrote.
He did not mention that since AIG is now 80% owned by the taxpayer, returning his bonus would have returned it to the taxpayer.
"I commend his motivation in wanting to help people who have been harmed by the economic downturn, but this is taxpayer money," Blumenthal said.
DeSantis, an MIT scientist who went into finance and made tens of millions at AIG, lives with his wife, Erika, in a gated community in Redding, Conn., in a house once owned by Mark Twain.....
....In his letter, DeSantis took a shot at Blumenthal and Cuomo for threatening to out the names of execs who don't return bonuses "even though attorneys general are supposed to stand for due process, to conduct trials in courts and not the press."
Cuomo had no comment. Blumenthal said he hasn't made anyone's name public: "He put his own name in the public realm,".....
His Neighbors Hard Earned Tax Dollars Continues.....
....I take this action after 11 years of dedicated, honorable service to A.I.G. I can no longer effectively perform my duties in this dysfunctional environment.......
..... Even Though Cry Baby Jake DeSantis Refuses To Ask For Forgiveness For Stealing From All Of His Neighbors .....
He Still Wants Everyone To Love And Feel Sorry For Him:....
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.....
Be Sure To Read Bonus Bum
"Fake Jake" DeSantis' Fine Print:
"Fake Jake" DeSantis' Fine Print:
....On March 16 I received a payment from A.I.G. amounting to $742,006.40, after taxes ......
(Jake DeSantis Is Such An Unethical AIG Bum That He Has Obviously Visited An Accountant To Calculate The Amount Of Taxes To The Penny. DeSantis Is Such A Greedy SOB He Couldn't Add $933.40 Of His Own Money To Make The Taxpayer Funded Package An Even $743,000)
....In light of the uncertainty over the ultimate taxation and legal status of this payment, the actual amount I donate may be less...... (Greedy Con Artist Jake DeSantis Really Has Hug Balls. This AIG Scamster Says I Am Going To Act Like A Big Shot Donating Your Tax Dollars, But If He Miscalculated The Tax Ramifications ..... He Is Going To Use Your Tax Dollars To Pay Any Additional Tax Liability That He May Incur. As Leona Hemsley Said,"Only The Little People Pay Taxes.")
.....This choice is right for me. I wish others at A.I.G.-F.P. luck finding peace with their difficult decision, and only hope their judgment is not clouded by fear......
......Spoiled Disloyal Bonus Bum " Fake Jake" DeSantis
Gives No Notice To AIG:
Gives No Notice To AIG:
He's Just Going To Take His Neighbor's Money And Run.....
....Mr. Liddy, I wish you success in your commitment to return the money extended by the American government, and luck with the continued unwinding of the company’s diverse businesses — especially those remaining credit default swaps. I’ll continue over the short term to help make sure no balls are dropped, but after what’s happened this past week I can’t remain much longer — there is too much bad blood.....
WHAT AIG BONUS BUM "FAKE JAKE" DESANTIS WONT TELL YOU IS......
That he and the other AIG Bums decided to accelerate by three months more than a quarter of the amounts due under the contracts. That action probably net him $250,000.00 in taxpayer money and allowed him to stash $185, 501.60 after taxes in the bank......
.....Here Is How The Jake DeSantis Ponzie Scheme Will Probably Work:
First AIG Bum "Fake Jake" DeSantis Will Use Over $250,000.00 Of Your Tax Dollars To Pay His Tax Bill. Then He Will Claim Huge Tax Deductions For Donating $742,006.40 Of Your Tax Dollars To Help Those "Who Are Suffering From The Global Downturn".
Greedy " Fake Jake" DeSantis Will Then Be Able To Carry The The Taxpayer Funded Deduction Forward Three Years, Thus Allowing Him To Pay Virtually No Taxes.
The $742,006.40 Of Mr. Desantists' Neighbors Tax Dollars Will Need To Go Into A Financial Vehicle Like A Private Foundation To Distribute The Tax Dollars.
Of Coarse, There Will Be Expences Involved With Distributing Your Tax Dollars So Greedy "Fake Jake" Desantis Will Have To Be Compensated. Desantis May Even Need To Hire Friends And Family Members To Help Disburse Your Tax Dollars To Help Those "Who Are Suffering From The Global Downturn".
Then There Is Greedy Jake Desantis Mission Of Distributing Your Hard Earned Tax Dollars To Help Those "Who Are Suffering From The Global Downturn".
This Mission Statement Includes Virtually Everybody In The World .... Greedy Jake Desantis' Laws .... Greedy "Fake Jake" Desantis' Golfing Buddy ...... Greedy Jake Desantis' Business Associates ..... Etc.....
You Will Notice That Greedy "Fake Jake" Desantis' Wont Say I Am Giving Your Tax Dollars To Underprivileged Children.
You Will Notice That Greedy "Fake Jake" Desantis' Wont Say I Am Giving Your Tax Dollars To Pay The Medical Bills Of Uninsured Families.
You Will Notice That Greedy "Fake Jake" Desantis' Wont Say I Am Giving Your Tax Dollars To Senior Citizens In Danger Of Losing Their Homes
All Of The Above, Charitable Mission Statements Would Be To Narrowly Focus And Make It Too Hard To Abuse.
MOREOVER:
Fake Jake DeSantist Wont Tell You That
The Other AIG Shoe Has Not Dropped Yet.....
WHY ISN'T ANYONE LISTENING TO GREENWICH ROUNDUP
THIS WAS ONLY THE FIRST ROUNDOF BONUS PAYMENTS TO THE AIG FAT CATS
LIKE "FAKE JAKE" DESANTIS
THE CLOCK IS TICKING ON A SECOND TAXPAYER FUNDEDAIG BONUS PAYMENT TO "FAKE JAKE" DESANTIS
The AIG Employee Retention Plan Has Two ComponentsThere Are Two Sets Of Bonus Payments
There Are Two Sets Of Bonus Payments
For "Fake Jake" Desantis And The Other AIG Pirates
This Was Only The First Bonus And Covers December 01, 2007 To November 30, 2008 That Was To Be Paid No Later Than March 15th of 2009.
And As We Read Above ..... The Greedy AIG SOB's Like "Fake Jake" Desantis Couldn't Wait Till March 15, 2009 So They Accelerated 25% Of The Bonus To Be Paid In December.
Most People Don't Realize That
The Clock Is Already Ticking On A
Second Round Of Bonus Payments For
"Fake Jake DeSantis And The Other AIG Pirates:
The Is Second Bonus Payments Cover December 01, 2008 To November 30, 2009 That Was To Be Paid No Later Than March 15th of 2010.
MORE ON THAT ECELERATED
DECEMBER BONUS PAYMENT:
PLEASE ALSO SEE:
The Fact Is That "Fake Jake's" Desantis' AIG Retintion Contract Would Not Have Been Worth The Paper It Was Written On If His Nieghbor's Hard Earned Tax Dollars Had Not Been Stolen
Self Outed Public Figure Jake DeSantis Is Encouraged By Greenwich Roundup To Respond To This Post If He So Chooses.
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