HP CEO Scores with $42 million salary prior to massive layoffs

Is this another example of our corporate leaders being rewarded for short term gain rather than long term vision?

Hewlett-Packard Co. CEO Mark Hurd received about $42.5 million in pay during 2008, according to a regulatory filing. The Palo Alto-based personal computer maker said in a filing with the U.S. Securities and Exchange Commission Tuesday that it gave Hurd a $5.3 million bonus along with $12.9 million in stock awards, $18.6 million in incentive plan compensation and $4.2 million in option awards, pension and expense payments. His base salary was $1.5 million.  Hurd took the reins in April 2005 and began a revamp of the company. In September HP said it would take a $1.7 billion charge and cut 24,600 jobs.