Well, it is public knowledge that layoffs and furloughs are happening, so sadly, you're not wrong.
And they somehow enticed Kelly Ortberg out of retirement to take over as CEO. There's the hella juicy c-suite compensation package you talked about. He was already riding golden after he maneuvered that Rockwell Collins sale/merger/whatever.
Define cheating. I doubt many CEOs would consider anything they've done to get to the position they are as "cheating".
To "cheat", one must break the rules. And the rules have been designed to not only allow for but encourage current behavior.