Amazing. When the market was good an idiot could make money, and did. These guys were showered with inflated pay and bonuses.
When the market turns south it really requires leadership to guide a company through the tough times. They just take away bonuses?. I say why not replace them for non-preforming.
I say the true value of the CEO's of home builders is whether he's/she's able to lead in tuff times. So far I see a lot of hand ringers at sea level and above.