No, I didn't forget them.
Businesses are unlikely to cut their executives compensation. Contrary to popular belief, executives are paid well because they are worth it. A CEO can make or break a company with the course he charts. He's paid to make the big decisions. Cutting 5 million out of a 25 million dollar compensation package for your CEO when your total revenue (not profits) are in the multi billions is not likely to make a significant difference on the company's balance sheet. Cutting a few thousand lower level employees (or even middle managers since you seem to hate them) will.
The former risks losing your CEO to another company who is willing to pay more for his expertise.
Your final statement about shareholders reveals how much you know about this. Most shareholders are not driving luxury cars. They are people with 401ks, IRAs, and the like.
Get a job and stop pointing fingers at people more successful than you.