Paying for losses

In today's NY Times Gretchen Morgenson provides several examples of why there should be clawbacks of executive pay. Here are a few. The amount AIG lost in 2008 ($37.6 billion) was equal to everything the company earned since the second quarter of 2004. Citogroup's $18,7 2008 loss wiped out all earnings since the second quarter of 2006. The numbers for Merrill: $35.8 billion and quarter 2 of 1996. During the good years the CEOs of these companies made a bundle. Those in retirement are also doing quite well. Should they pay back some of these ill-gotten gains?