"Dear A.I.G I Quit!" My response: Good!
I had second thoughts after reading Jake DeSantis's letter resigning from A.I.G's infamous Financial Products unit. The part I recognize is the classic mid-level, middle-class anger of having severely overworked oneself and then getting the opposite of thanks. The combination of overwork and powerlessness blows up when you throw non-appreciation on it. It's detonating little pieces of organizations day after day all over the country, making their output lower and more painful for all. Nobody in charge seems to care.
But there is no good explanation for why Mr. D gets a $750,000 post-tax bonus. This is ten times the after-tax amount that a college professor might earn after twenty years on the job: she would work from age 50 to age 60 for the bonus Mr D got trying to detoxify his units CDO waste, and to little effect. He's the beneficiary of an absurd system that has sucked money out of every segment - higher ed, K-12, auto maunfacturing, agriculture -and into finance, segmenting the society and making it unable to function with decent equity or efficiency.
There is no truth in Mr D's sad lament: "I am blameless."
You quit, Mr D? Good! Don't forget to take the rest of A.I.G. with you.