Some background. A newspaper belonging to the Rupert Murdoch media empire, News of the World, was a typical tabloid, similar in many respects to the National Enquirer (i.e. not really news, but revelations about important people). Its journalists hacked into phones of various important people to obtain information they later printed. They also paid police for information. Both actions were illegal in British law. When this came out, the CEO of the British arm of the Murdoch Empire, Rebekah Brooks, resigned. She is being prosecuted for her actions related to the affair. Now it turns out that she got a parting gift of $10mln.
Bottom line - not only bankers do what they can get away with.
Interesting note: Rebekah Brooks joined News of the World as a secretary in 1989 when she was 20. Never finished university. By 2000 she was the editor. Apparently she was very ambitious. Great career, as long as laws are not broken.
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