Ya gotta love it. A guy runs a company into the ground, and gets paid more than any fifty regular employees will make in a lifetime, for doing it.
Corporate law needs to be rewritten to remove the protections they have for these common thieves. When bankruptcy is filed during their tenure, they should forfiet ALL salary and benefits. Everyone from mid level management on up should be subject to the change. Further, they should also force seizure off ALL of their assets to the point where they have $10K when they leave. Their assets should be sold and the proceeds should go towards the pension plans. Then the bastards would think twice before raping a company like they do. Also, should they try to bail on the ship after they open the seanoodles, their assets, salary, and benefits should be seized and held until the company's problems are resolved. Attempts to circumvent the laws should be prosecuted, and punished by a mandatory sentence of 30 YEARS with NO PAROLE.