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2 AIG executives in Paris resign

March 27, 2009|Times Wire Reports

Two of American International Group Inc.'s top managers in Paris have resigned, just days after agreeing to return controversial retention bonuses.

The news of more dissension at AIG comes a day after Jake DeSantis, an executive in the insurer's financial products division, resigned in an Op-Ed column in the New York Times. DeSantis said he planned to donate his bonus -- $742,000 after taxes -- to charity.

Mauro Gabriel, president and chief executive of Paris-based Banque AIG, and Jim Shephard, deputy CEO, resigned "given shared concerns regarding their ability to conduct business in the current hostile environment toward Banque AIG and AIG Financial Product employees generally," AIG spokeswoman Christina Pretto said.

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