Yes, and no it's more of a reality check, but the boards need to think of this in both direction, one you cannot compete with china and cheap labor with union rates, neither can you compete with china paying your worthless CEO and board 100's of millions of dollars. They all need a little dose of we are not going to have a job shortly.
Careful friend. The free trade Inquisition will see your post and accuse you of heresy /sarcasm