Dell to Pay Former CEO Rollins $48.5M in Cash
 

The board also approved extending a program to some current and former employees who hold in-the-money stock options that expire while unexercisable due to the company's delinquency in filing its fiscal 2007 annual report due to accounting irregularities.

http://www.eweek.com/article2/0,1895,2168430,00.asp

A good CEO is the one who always knows how to strike a deal for himself/herself; loss or gain does not matter as long as your a** is covered nicely in green.