This story in the WSJ re executives who got laid off and are still living large, even turning down job offers, seems so far removed from reality. It's hard to imagine keeping on with $130 haircuts or the Starbucks habit when you no longer have income to support it. It doesn't seem very smart to me, but then I get my hair cut at Haircuts for Less and similar ilk and I find Starbucks disgusting so my coffee habit is usually limited to Taster's Choice with the occasional splurge on McDonald's McCafe.
What's crazy is a couple of people in this article have turned down job offers. In this kind of economy, who knows when the next offer is coming? It just seems enormously irresponsible for people who are otherwise pretty smart.