What's Fair?

The Vice Chairman of Wachovia Bank retired today and will walk away with a package estimated at $120 million. He has been Vice Chairman for fifteen months, but was CEO of SouthTrust Corp., which was bought by Wachovia for $14 billion, and had been with SouthTrust since 1959. He must have gotten some of the $14 billion for his shares, which should have been enough to compensate him for his years at SouthTrust. I wonder if the Wachovia board that had to approve this deal would be willing to pay part of the compensation out of its own pockets?