Another Bank fine

This time it's Bank of New York Mellon. Their agreement with the state and the feds costs them $714 million to settle accusations that it cheated government pension funds and other investors for more than a decade. The agreement also calls for the bank to dismiss some employees and make fuller public disclosures of its foreign exchange operation. The agreement with the most senior employee, a managing director, does not say when he must leave the bank nor does it require him to pay any financial penalty. So, how severely is he being punished?