Keep in mind that much of that $22 million was in options and restricted LEH stock that wouldn't vest for years. And at LEH even more than most companies there was a culture discouraging employees from selling their stock. So his pay package was worth $22 million at the time, but he's lucky if it's worth a fraction of that now.
“Keep in mind that much of that $22 million was in options and restricted LEH stock that wouldn’t vest for years.”
Do you have a reference on that or are you guessing because all reports indicate that was a cash payment.