I don't know anything about your company particularly...I'm speaking generally. Executive compensation has increased over 300% in the past 30 years, while middle-income wages have been mostly stagnant. I do believe a lot of that "overfunded" pension money did indeed go into executive pockets. I spent the 80's working as a salary and benefits administrator for several Big Pharma companies. I saw the trend as it was happening. I see it now. Exec compensation bonuses didn't used to be out of hand...they sure are now though.
I'm glad you have enough retirement money. Really. But you are probably the last of the generations who do. The rest of us...the tail end of the boomers and younger generations...are pretty much screwed. We will be eating catfood.