The financial sector is in complete and utter turmoil and we are rewarding these screw-ups with a big fat check. They never have to work again, and probably couldn't find a job where anyone would hire them. Imagine the interview process:
Q: Please tell us about a time you were able to resolve a large problem in a way where everyone seemed to benefit
A: Well, when running fill in the blank company
Golden parachutes are complete and utter BS and should not be given or awarded. What sort of message is that sending? Hey CEOs, it's ok to screw up but be sure if you do to screw up big, but be sure to set yourself up with a killer severance package regardless of what happens to the company? That is very very wrong.