11 Corporate Titans Profited Handsomely After Failing Miserably

[US NEWS]

Martin Sullivan, former CEO of AIG.

• Forced out after running AIG into the ground betting on highly risky mortgage-related derivatives. He is currently deputy chairman of the Willis Group.

Tony Hayward, former CEO of BP.

• After Deepwater Horizon disaster poured millions of gallons of crude oil into the Gulf of Mexico, he left BP with a $1.7 million severance, plus untold millions in stock options. 

Mark Hurd, former CEO of Hewlett-Packard.

• Resigned after sex scandal with $12.2 million golden parachute plus $30 million in stock options. Currently being paid $10 million per year as president of Oracle.

Stanley O'Neal, former CEO of Merrill Lynch.

• Ran Merrill Lynch into ground betting on subprime mortgages and derivatives and walked away from abject failure with a $161 million severance package plus a salary worth $91 million. Currently sitting on Alcoa's board of directors.

Dow Kim, former head of global markets and investment banking for Merrill Lynch.

• Paid $35 million in 2006 for his work making Merrill the No. 1 Wall Street issuer of controversial derivatives tied to mortgages. 

Charles Prince, former CEO of Citigroup.

• Bet heavily on subprime mortgages and exotic derivatives. Prince was paid a $43 million salary then given a severance package worth $36 million when he was ousted.

Thomas Maheras, former co-CEO of Citigroup's investment bank.

• Earned a $34 million fortune selling risky CDO's in 2006. Currently director of Discover.

Jeffrey Peek, former CEO of CIT Group. 

• Earned $27 million selling subprime mortgages. Currently an executive with Barclay's.

John Thain, former CEO of Merrill Lynch. 

• Famous for lavish spending to renovate his office using TARP funds. He is currently raking in millions as CEO of CIT.

Steven Newman, CEO of Transocean.

• Earned a $5.8 million salary and a $1 dollar "safety bonus" after 11 oil rig workers were chargrilled on the Deepwater Horizon.

Don Blankenship, former CEO of Massey Energy.

• After 29 miners were killed in a tragic mine explosion, Blankenship received a $14.4 million severance package, plus a $7 million pension and $32.1 million in deferred compensation.