From the NYTimes:

Even though performance-based bonuses were down last year, the value and prevalence of discretionary bonuses — ones not linked to performance — were up. A result is that C.E.O.’s who have held their jobs for two years received an average total bonus payout of $2.8 million, up 1.1 percent from 2006

Even though the rules were tightened, hasn't done a thing, executive these days seems more about the boys club, a caste of people, where little is correlated to actual job performance.