Being a top executive doesn't exempt you from being an idiot. Some Chief Financial Officer for a Swiss Insurance company spent $28,000 at a strip club (LINK hint - if you have any policies with a swiss insurnace company, it's time to switch them and is suing because the bill is too much.
Spending $28,000 was stupid...not taking your lumps and filing a lawsuit was even more idiotic. Sure bet the company is going to look kindly on that now that their name is being associated with strip clubs. Sure will do wonders for his future job prospects too.
Make a financial blunder, suck it up and learn. Oh, but then I keep forgetting. "It's somebody else's fault" is the American way.