Dilemma? What Dilemma??? I see no problem at all. You get to sit around all day without being watched by senior management, and further more, you get overpaid for it!!! Maybe you should have a look at the other end of the stick. If some thing goes wrong, who's head is on the stick first off?
Senior Management. They are paid to sit in a office all day, take the wrap for your incapability to work, push pens and do all the other paperwork that you could be doing while you are sitting on your a*** doing SFA.
Maybe you should have a look at the wider scale.....