"Ms. Evans declined to comment."

The NY Times' Susanne Craig and Peter Lattman ponder the oddity of the folks who live in the revolving door world of corporate boards somehow retaining their prized place in that incestuous little world even after they've been part of a number of stinkers. One of golf's higher profile personalities from not too long ago was prominently featured for her fine work at Lehman Brothers, but oddly, her support of Brand Lady Bivens during her LPGA Board days was not noted.

Many directors of failed financial institutions have kept the other director posts they had before the financial crisis.

Marsha J. Evans, a former Lehman director, has not landed any new board seats, but continues to serve as a director of Weight Watchers, Huntsman and Office Depot, positions that earned her about $500,000 in compensation in 2009. Ms. Evans declined to comment.

Now here's where you get the warm chuckles:

Some board members, who spoke on the condition of anonymity, say their experience on the boards of troubled companies, made them stronger directors, giving them hands-on experience that will help them stop other companies from repeating the same mistakes.

“Directors of these financial institutions may or may not have been asleep at the switch, and if they were, they had a lot of company,” said Michael Klausner, a corporate law professor at Stanford. “Leaving that question aside, they may well have gained valuable experience that will make them good directors today.”

See, in good times they are geniuses, in bad times they're just gathering information to help guide another company through the rough patches. Win-win baby!