It's outrageous of course, but to me there's a wider point re 'Fat Cats' (as we say in England!!).
If the execs get golden parachutes anyway, then where's their incentive to produce a profitable company?
If I invest money in these companies, how do I know I'll even get it back, never mind make a profit. The Board obviousley don't care - they profit anyway!
Methinks these 'Incentive' schemes for Directors are now totally corrupt. It's fine to reward success, but not failure!
I wonder if the Big Banks in the City will ever start to think this way?
Or am I being to simplistic..... 