Quote from OverTheEdge:
For me the critical pricinciple is pay for performance - and this is blatantly missing in most executive comp packages (at least in a way that has real teeth).
The problem here is that top personal will fore go long term stability for short term gain. Make as much money as you can anyway you can. Get big bonuses , then leave the company before the ship sinks. We've seen this quite a bit lately.