"Did management EARN the options they are cashing in?"

LTRS. With all due respect, before you make a statement like this, you should know what you are talking about.

Exactly which NW execs are "cashing in Options"????

Exactly how are they dointg this and making money????

Let me educate you. Options are granted by company's to mission critical employees which allow them to buy "x" # of shares at "y" price sometime in the future. They are granted at the then current price. So if Ms. X received an option 3 years ago, August 2002, it means she had the right at some time in the future, ususally several years out, to buy NW stock at $10/share. If the value THEN was $50/share, she could then immediately sell it and make $40/share.
Sounds great, except your entire argument fall apart when you discover that NW stock is now $5+.
Let me make it simple for you. NOBODY is making money cashing in stock options today. And when NW goes bankrupt, all of those options are worthless, exactly what they are today.
Please don't make statements you know nothing about.

If you want to persue this, I suggest you go online to regulatory NWA filings where they disclose EXACTLY which NWA execs have options and at exactly what price they are "in the money" at. Frankly, I would have expected you to do this before making a statement so blatently false.