Estee Lauder's Wrist Slap

Estee Lauder (NYSE:EL) announced marginally reduced bonuses for William and Leonard Lauder. (The two big guys at Estee) The reduced bonuses amount to a mild slap on the wrist for seriously declining performance. Do they own so much stock that the Board cannot objectively provide the necessary direction. When the tide is rising all looks well. Will corporate governance issues slip as Estee has performance problems.