Former Kmart Chairman Charles Conaway has been cleared of wrongdoing by an arbitration panel in a civil suit filed by the company's former creditors. It is a stunning victory for Conaway, who headed the firm for 20 months. "The claim was, in essence (that) Conaway didn't do as good a job as he could have, but the business judgment rule protects you from 20-20 hindsight said WSU law professor Peter Henning, a former federal prosecutor. "Did he get too much compensation? Maybe. That might be business stupidity, but it's not illegal."