[Apocryphon]

You're still not making sense. Why would these firms want to retain executives who drove them into bankruptcy in the first place?

[lend000]

There is a long thread here now that addresses all your questions, rebuttals, and subsequent rebuttals.

But fundamentally, you need to realize that if something is happening in a statistically significant way (like it is here with dozens of companies doing the same thing at the same time), there is likely an explanation in structural incentives.

[Apocryphon]

Structural incentives can be immoral. Remember subprime MBSes?

[lend000]

This exact point is addressed: see thread.

[Apocryphon]

Can you please link it?