Yes, of course they have. How does a company losing a sum equal to nearly 2 years of profit not have the most dramatic impact on senior officials at said company? Where do you think the executive bonuses and value of shares (not just options, senior officials will already be vested) come from?

Beyond those losses, the head of investment banking and the head of risk were both fired yesterday.

The real problem is lower down the ranks, where someone on the trading floor can take outsized risk to boost their potential bonus, where worst case scenario they're fired without much ceremony and get another job somewhere else.

It's called the Bob Rubin trade. For years you stack up risk and profit immensely from it ($125 million). When things eventually blow up you simply... step away.

So sure, people were fired, but it's not like they are giving back all the money they made.

Principal-Agent problem, we meet again.

Lara Warner (Chief Risk Officer), was fired today, so I guess she's lost a fair bit.

Did any of the people fired have to pay back their bonuses? Will they be unable to walk into new jobs?

She's probably got a fairly sweet deal, and has already earned enough money to not need to worry too much about anything. The real hit is to her reputation, but it will make no material difference to what she can afford to have in life. I've seen plenty of disgraced bankers get hired in even more senior positions a few short months after their fall from power.