Quote:
Originally Posted by Derwood
that's fine, but the entire reason I brought it up was to refute the notion that executives are punished for bad business decisions
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I worked for a corporation that went bankrupt. There were people, executives, that had worked for the company years. They had stock options and used their own money to invest in stock. In a few of these situations the executives were less than a year from planned retirement and lost everything they counted on. So, yes - there may be some who walk away from a failure laughing all the way to the bank, but my gut tells me that is the exception and that executives who go through a failure have to do what everyone else does. Dust off and find another job. The lesson I learned is, lookout for yourself.