Ken Lewis will walk away from Bank of America (BAC) with his reputation in tatters, but he will not suffer financially. The Los Angeles Times reports that he is owed a lump-sum pension benefit worth $53.2 million. He also is entitled to $10.6 million in deferred pay and can keep 305,000 shares of restricted stock that will vest in stages annually. On paper, they're worth about $5 million. So that's $68.8 million. 

Of course, he's owns a lot more Bank of America stock. Over the years, he's built up 3.4 million shares. If only he had left the bank in better shape, he would have walked away even richer. A lot of options are leagues underwater. None of this is likely to generate much controversy. There is no Golden Parachute-like payout. 

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