Radical new developments in business

GM is in trouble. It's been recording billions of dollars of losses, quarter after quarter, with some business pundits perceiving the possibility of Chapter 11 over the horizon.

In response, GM is taking "radical measures": the guys at the top have agreed to make "personal sacrifices". The chief executive is halving his salary (to a mere $1.1 million, I guess), other directors are taking pay cuts, and no executives are getting bonuses for the year during which the losses accumulated.

Question: How is any of this radical?

What the hell is wrong with a business culture wherein it's radical for the remuneration of the guys running a company to be somehow related to the fortunes of the company itself? In what way is it radical to suspend executive bonuses (BONUSES!) while the company is losing billions of dollars?

They loaded the fortunes of GM into big, ugly, gas guzzling (dare I say: socially irresponsible) SUVs, and drove off a cliff. Now they deign to allow themselves to be adversely affected by this tremendous failure--and that is radical, and it's called a sacrifice.

Apart from the sacrifices of the company directors, some employees are losing their jobs entirely. Does firing 30,000 people count as radical, too? Ford announced a comparable round of lay-offs two weeks ago, and for some reason I don't recall it being described in such dramatic terms.