While job hunting, I came across this listing from Morgan-Stanley...
Exotic/Structured Equity Derivatives Product Controller
Job Overview: As investors look for ways of getting back into the financial markets after last year's turmoil, there is an increased demand for new and innovative products which match up with clients' needs and market views. Exotic Equity Derivatives at Morgan Stanley is an expanding area which continues to be at the forefront of creating the exciting new solutions needed to meet these demands.
Products covered will include: Asian options, barrier options, lookback options, ASRs, digital options, synthetic convertible bonds, additive and multiplicative cliquets, outperformance options, buy-write structures, CPPIs, range accruals and multi-asset options (worst of, best of, Himalayan, etc).
Looks like Wall Street hasn't learned it's lesson, and they want to do even more crazier stuff. Then again, I don't understand this stuff...