Re: From an insider
"we know what caused this particular megadisaster, and it wasn't a senior manager; as mentioned in the article, it was an inexperienced member of IT staff screwing up a batch job."
And whose responsibility is it to ensure that inexperienced members of staff aren't in a position to make such a big screw-up and to ensure that there are robust fall-backs in place?
The buck stops - has to stop - with senior management. If they want big pay then they should earn it by ensuring that this stuff can't happen. And the best time to do that is before it happens, not after.