Look at the way they are handling this. This is absolutely legal posturing. This is going to get much, much worse.
This is the tip of the iceberg.
I'm not looking at this the same way you are. What is worst case scenario in your opinion? What is the iceberg? I'm not sure what else, other than Philbin actually knowing about this long ago, could come out to make this so much worse.
We pay his measly salary and let him go on his way? You need to convince me, because you're making this sound like it is going to be way worse than I believe it to be.