Banking industry chief executives in sunnier times make for good board members amongst the Fortune 500 inner circle. But what happens when these paragons of probity fail and they lose their day job?

Stanley O’Neal, late of Merrill Lynch, two months after disgrace at Merrill Lynch, managed on January 18th to slip in a board appointment to Alcoa.  On the Audit Committee no less.

 What will Charles Prince late of Citigroup be doing with his spare time? How about board membership at Johnson & Johnson?  Would it not be appropriate for the board to reconsider statements expressed in the announcement release?

 James Cayne, busy on the golf courses and bridge tournaments, was not on any other public company boards.