The Globe and Mail reports in its Saturday edition that in a dramatic announcement Friday afternoon, TD Bank said it will now do much less than it should have done last year to hold its leadership responsible for its criminal U.S. money-laundering fiasco. The Globe's David Milstead writes that TD said it was "accelerating" its "transition" of chief executive officers, from Bharat Masrani to Raymond Chun, and would have a "renewal" of its board and its committees, with multiple replacements. TD said Mr. Masrani would leave Feb. 1 instead of April 10. Importantly, TD characterizes Mr. Masrani's departure as a retirement, not as a termination or resignation. The decision to allow Mr. Masrani to retire sets him up for tens of millions of dollars after he leaves the bank, owing to the more than two million TD stock options he holds. If a TD executive is terminated "with cause" -- generally defined as for wrongdoing -- all unvested stock awards are forfeited; if an executive resigns, unvested stock awards are forfeited. As it is, the unrealized profit on Mr. Masrani's unexercised options has increased by about $12-million from TD's postsettlement low of $73.22 a share. It gained $4.65-million of that just in Friday's trading.