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VPs are technically not executives. In a corporate structure, the Board of Directors and the their reports (CEO, Presidents, etc) are the ones actually making decisions and managing the company overall.

For example, the CEO of PG&E before 2019 was https://en.wikipedia.org/wiki/Geisha_Williams .

Here are the PG&E filings to the SEC: http://investor.pgecorp.com/financials/annual-reports-and-pr...

2017: http://s1.q4cdn.com/880135780/files/doc_financials/2017/annu...

2018: http://s1.q4cdn.com/880135780/files/doc_financials/2017/annu...

2019: http://s1.q4cdn.com/880135780/files/doc_financials/2019/05/2...

Ultimately, if something in a company goes wrong, the buck needs to stop at the CEO and if not CEO, the board of directors. In the end I guess only we shareholders are to blame.

For lower performance between 2016 and 2018, the CEO got a raises each year (snippet from 2019 page 81):

Name and Principal Position: Geisha J. Williams(a) Chief Executive Officer and President, PG&E Corporation

    year salary    bonus stock award                                    total
    2018 1,079,167 0     6,400,078    1,600,003 0       40,341  170,253 9,289,842
    2017 991,667   0     6,500,168    0         0       996,810 108,575 8,597,220
    2016 695,833   0     2,250,072    0         610,594 519,983 87,748  4,164,230

Check PG&E's stock performance between those years - the compensation does not match reality. I'm saying that these listed officers shouldn't be getting the compensation they are getting as it's not reflective of the health of the business they're running.