And the beauty of it is simple math embedded in the assets-under-management compensation scheme: The more money under management, the more money they make on a straight percentage.
Their hard-won victories placed executive compensation and stock options under greater scrutiny and led to modest changes in proxy rules and voting procedures that empowered shareholders at the expense of officers and directors.
After the company's board discovered inflated accounts receivable had been used to overdraw on its credit line and forced the resignation of Stephen Foss, the former Tyco (nyse: TYC - news - people ) director and compensation committee member under Dennis Kozlowski, CapitalSource cut off funds, forcing the company into Chapter 11.
Bonuses have never reached that level, except under the formulaic, earnings-based bonuses that were initially part of Mr. Eisner's compensation but are no longer used.