Unfortunately, across the last 30+ years - this is what numerous corporates have done. This is not just in the USA as the UK has followed slavishly behind. I was working for an American Merchant Bank in the late 80s, on a visit to HQ I was told about Outsourcing. I did not like it and could not have imagined where it was going. It was certainly evidence of the top of the slope.
Making directors pay dependent on company profits must have seemed like a good idea at the time ... if only they had put a ten year hold on their bonus. Keep their funds in escrow until the results have played out completely.